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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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