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Maxwell started a home theater business in 2011. The revenue of his company for that year was $300,000. The revenue grew by 20% in 2012
Maxwell started a home theater business in 2011. The revenue of his company for that year was $300,000. The revenue grew by 20% in 2012 and by 30% in 2013. Maxwell projected that the revenue growth for his company in the next 3 years will be at least 25%/year. How much does Maxwell expect his minimum revenue to be for 2016? (Round your answer to the nearest cent.)
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