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Mandy Cleaning Company has announced this year's profit as $832,500. It expects its net earnings to grow at a rate of 15 percent per year
Mandy Cleaning Company has announced this year's profit as $832,500. It expects its net earnings to grow at a rate of 15 percent per year for the next two years, before dropping to 12 percent for each of the following two years. What is the company's profit after four years? (Round to 2 d.p.)
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