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Retail revenue from shopping on the Internet is currently growing at a rate of 26% per year. In 2003, a total of $39 billion in

Retail revenue from shopping on the Internet is currently growing at a rate of 26% per year. In 2003, a total of $39 billion in revenue was collected through the Internet retail sales. Answer the following questions using y equals 39(1.26)^t where y is Internet revenues in billions of dollars and t is the number years after 2003. Round answers to the nearest 10th of $1 billion.Please state your answer ONLY.

A. According to the model, what level of retail revenues Internet shopping was expected in 2005?

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