Morales Mufflers is an up-and coming company whose profits are expected to grow by 3.25% each year. This past year, the company made a profit of $125,000. What is the expected profit in 15 years? Round to the nearest cent.

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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For the following story problems:
1st) Define the variable(s) – there will be either 1 or 2 variables

2nd) Write an equation or system of equations
3rd ) Solve and answer the questions using the correct units

Morales Mufflers is an up-and coming company whose profits are expected to grow by 3.25% each year. This past year, the company made a profit of $125,000. What is the expected profit in 15 years? Round to the nearest cent.

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