A company has revenue of $1000 in 2009. Our current estimate is that revenues will grow 25% per year. Our profit each year will equal 20% of revenue. What is the total value (rounded to the nearest dollar) of all revenues earned during the years 2009-2015?
Enter just the number; e.g., 18491.
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The total revenue earned from 2009-2015 is $15073
- revenue in the year 2009 -- $1000 and profit -- $200
- revenue in the year 2010 -- $1250 and profit -- $250
- revenue in the year 2011 -- $1562.5 and profit -- $312.5
- revenue in the year 2012 -- $1953.125 and profit -- $390.625
- revenue in the year 2013 -- $2441.41 and profit -- $488.28
- revenue in the year 2014 -- $3051.76 and profit -- $610.35
- revenue in the year 2015 -- $3814.70 and profit -- $762.94
Hence, the total revenue earned is $15073.495 ≈ $15073
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