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Mathematics, 03.05.2021 04:20 zandariouslee

Suppose a company did $2,000,000 in annual maintenance in 2013 and expects 90% of those to renew for 2014. Suppose that product sales for 2013 were 2,000,000(which include free maintenance in 2013) and 70% of those were expected to pay annual maintenance of 15% of the purchase price in 2014. What will be the annual maintenance collected in 2014?

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Suppose a company did $2,000,000 in annual maintenance in 2013 and expects 90% of those to renew for...
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