Final answer:
To determine the projected value of the business after another 10 years if the trend continues, we can use the formula for calculating future value. However, as the interest rate is not specified, it is not possible to calculate the exact future value.
Step-by-step explanation:
To determine the projected value of the business after another 10 years if the trend continues, we can use the formula for calculating future value. Based on the information provided, we have the following values:
- Present Value (PV) = $260,000
- Interest Rate (r) = Not specified
- Number of Periods (n) = 10 years
- Future Value (FV) = Unknown
As the interest rate is not specified, it is not possible to calculate the exact future value. Therefore, we cannot determine the projected value of the business after another 10 years.