Question

You are doing a financial forecast for your restaurant. Your marketing budget is 18,000 right now. You project it to grow by 18% per year each year. What will you be spending on marketing in 5 years?

Answer 1

$41,180

Step-by-step explanation:

Answer 2

on the 5th year: $34, 898

the total 5 years: $128,775.78

Step-by-step explanation:

add 18% of 18,000 to 18,000

then add 18% of that sum to the sum

and so on