A savings account pays a 3% nominal annual interest rate and has a balance of $1,000. Any
interest earned is deposited into the account
and no further deposits or withdrawals are
made.
If interest is compounded semi-annually (twice
a year), what interest rate would be used for
each calculation? (Do NOT put a % symbol on
your answer.)

The ivring berlin learning center would like a possible net profit of $650,000 on its new resource manual it sells to schools. the fixed costs for producing the manual are $780,000 and the variable cost per package is $19.85. if the estimated unit sales are 1,250,000 units, what selling price unit should the ivring berlin learning center try?