1. You opened a new business. Your first year you earned $18,000. Your goal is to
increase your sales by 3% each year. With this goal, what will be your sales after 15
years of business? (rounded to the nearest hundredth)

Respuesta :

Answer:The final balance is $28,043.4.

The total compound interest is $10,043.4.

Step-by-step explanation:

https://www.omnicalculator.com/finance/compound-interest?c=USD&v=var1:1,subject:1138535033,var2:1,subject2:1,FinalBal:20000,FinalBal_adj:20000,apy:1.95!perc,infl:0,PeriodicDep:50,q:1000!!l,type:1,DepositBal:0,PrincipalBal:0,g:0!perc,first_day:19255,select1:1,TableFreq:111,InitialDep:18000,r:3!perc,t:180!yrsmos,m:1,ct1:1,ct2:0,compound_frequency:21,ct3:3,represent:13