Question

In a company's first year in operation, it made an annual profit of $112, 000. The profit of the

company increased at a constant 18% per year each year. How much total profit would the compan
make over the course of its first 26 years of operation, to the nearest whole number?

Answer 1

F= 8,282,285.79

Explanation:

Note: I'm sorry, but I don't speak English , therefore, I owe you the argument

*Datos:

P=112,000

N=26

i=18%

F=?

*Formula:

F= P(1 + i)^N

*Solución:

F= P(1 + i)^N

F=112,000(1+0.18)²⁶

F= 8,282,285.79