In a company's first year in operation, it made an annual profit of $432, 000. The profit of the company increased at a constant 20% How much total profit would the company make over the course of its first 11 per year each year. years of operation, to the nearest whole number?

College Algebra
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ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.5: Exponential And Logarithmic Equations
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Sum of Geometric Series (Context)
Apr 08, 5:14:28 PM
In a company's first year in operation, it made an annual profit of $432, 000.
The profit of the company increased at a constant 20% per year each year.
How much total profit would the company make over the course of its first 11
years of operation, to the nearest whole number?
Transcribed Image Text:Sum of Geometric Series (Context) Apr 08, 5:14:28 PM In a company's first year in operation, it made an annual profit of $432, 000. The profit of the company increased at a constant 20% per year each year. How much total profit would the company make over the course of its first 11 years of operation, to the nearest whole number?
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