In a company's first year in operation, it made an annual profit of $405,500. The profit of the company increased at a constant
24% per year each year. How much total profit would the company make over the course of its first 18 years of operation, to the nearest whole number?
1 answer:
Answer:
405500 x 1.24^18 =$19479651.89
$19479651.89 - $405500=$19074151. 89
$19074152
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