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Maxwell started a home theater business in 2011. The revenue of his company for that year was $280,000. The revenue grew by 16% in 2012
Maxwell started a home theater business in 2011. The revenue of his company for that year was $280,000. The revenue grew by 16% in 2012 and by 26% in 2013. Maxwell projected that the revenue growth for his company in the next 3 years will be at least 21%/year. How much does Maxwell expect his minimum revenue to be for 2016? (Round your answer to the nearest cent.) $
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