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A company's annual revenue for the period since 2000 can be modeled by the function R_n=1.06)^n, where R is in millions of dollars and n=0...

A company's annual revenue for the period since 2000 can be modeled by the function R_n=1.46(1.06)^n, where R is in millions of dollars and n=0 corresponds to 2000. Assuming the model accurately predicts future revenue, find the year in which the revenue first exceeds $2.27 million.

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the year in which the revenue... View the full answer

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2 comments
  • Note correction: The year will be running in 2007.
    • swansonsoe
    • May 05, 2018 at 9:27am
  • you have given wrong answer, correct answer will be 2007.
    • ankurjainiitk
    • May 05, 2018 at 9:33am

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