Sofia’s Boutique earned a profit of $14,000 in its first month of business. An analyst projects that the boutique’s profit will increase by 3.5% each month for the next two years. How much profit will the boutique earn in the 18th month? Group of answer choices $25,125.46 $26,004.85 $24,847.62 $22,820.00 $26,915.02

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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Sofia’s Boutique earned a profit of $14,000 in its first month of business. An analyst projects that the boutique’s profit will increase by 3.5% each month for the next two years. How much profit will the boutique earn in the 18th month?
Group of answer choices
$25,125.46
$26,004.85
$24,847.62
$22,820.00
$26,915.02
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