Multiple Choice
Suppose a new business makes a profit of $4000 in its first year, and its profit increases by 18% in each succeeding year. How much total profit did it earn in its first 6 years? Round your answer to the nearest cent.
A) $37,767.87
B) $48,566.09
C) $38,731.81
D) $28,616.84
Correct Answer:
Verified
Correct Answer:
Verified
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