Find Minimum Revenue
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Find Minimum Revenue

[From: ] [author: ] [Date: 11-10-04] [Hit: ]
1010__ 26%__$189,744.46__ $919,530.......
Maxwell started a home theater business in 2005. The revenue of his company for that year was $290,000. The revenue grew by 21% in 2006 and by 31% in 2007. Maxwell projected that the revenue growth for his company in the next 3 yr will be at least 26%/year. How much does Maxwell expect his minimum revenue to be for 2010? (Round your answer to the nearest cent.)

10 pts to best answer

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Year__ Growth__ $$___ Income
2005__ N/A__ N/A__ $290,000.00
2006__ 21%__ $60,900.00__ $350,900.00
2007__ 31%__ $108,779.00__ $459,679.00
2008__ 26%__ $119,516.54__ $579,195.54
2009__ 26%__ $150,590.84__ $729,786.38
1010__ 26%__ $189,744.46__ $919,530.84
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