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6. Suppose the income of a small coffee shop projected to grow exponentially. The rate of income when the shop first opened was at $5,000
6. Suppose the income of a small coffee shop projected to grow exponentially. The rate of income when the shop first opened was at $5,000 per month, which grew to a rate of $6,000 per month by the second month. What is the expected total income from the coffee shop during its first 6 months of operation? [Hint: Reminded that the exponential growth function is f (t) = Voekt, where Vo is the initial value or the value of f at t=0. Please determine the exponential growth rate & before determining the expected total income]
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