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Problem:

Maxwell started a home theater business in 2011. The revenue of his company for that year was $270,000. The revenue grew by 18% in 2012 and by 28% in 2013. Maxwell projected that the revenue growth for his company in the next 3 years will be at least 23%/year.

Required:

Question: How much does Maxwell expect his minimum revenue to be for 2016?

Note: Show all workings.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91175179

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