Maxwell started a home theater business in 2005. The revenue of his company for that year was $280,000. The revenue grew by 20% in 2006 and by 30% in 2007. Maxwell projected that the revenue growth for his company in the next 3 yr will be at least 25%/year. How much does Maxwell expect his minimum revenue to be for 2010? (Round your answer to the nearest cent.)

Question

anonymous · Answer

Minimum revenue in 2010 = $280,000x(1.2)x(1.3)x(1.25^3)