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A corporation earned a profit of $420,000 in its first year of operation. Over the next 10 years, the company's CEO hopes to increase the

A corporation earned a profit of $420,000 in its first year of operation. Over the next 10 years, the company's CEO hopes to increase the profit by 8% each year. Define a recursive and explicit function. If the CEO reaches her goals, what will be the company's profit in its seventh year, to the nearest dollar?

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