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The following balances are listed for the past three annual statements: 2019 the balance is $10,000 2020 the balance is $12,500 2021 the balance is

The following balances are listed for the past three annual statements:

2019 the balance is $10,000

2020 the balance is $12,500

2021 the balance is $15,625

Estimate the future balance for 2022 based on this geometric sequence.

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