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Jensen's Shipping wants to expand as soon as it can save $112 million.Towards that goal,the firm started saving 3 years ago and currently has $38.2 million saved.Starting today,the firm will add $15,000 a month to this savings account.The rate of return is 7.1 percent,compounded monthly.How long will it be from now before the company can expand?
Markdown Rate
The percentage reduction from the original price of an item to its sale price.
Mark-up
Surcharging the cost price of commodities to envelop overheads and assure profits.
Springtime Shipment
Scheduled transportation of goods during the spring season, implying a specific timing for shipping operations.
Markdown
The reduction of the selling price of goods or services, often to clear old stock or respond to decreased demand.
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