Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Get quick and reliable solutions to your questions from a community of experienced experts on our platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
The amount of profit would the company make over the course of its first 24 years of operation should be $2,114,784.
Calculation of the amount of profit:
Since annual profit is $333,500
The profit percentage should be likely 8%
And, the number of years should be 24
So, the amount of profit should be
[tex]= $333,500 * (1 + 0.08)^{24[/tex]
= $2,114,784
hence, The amount of profit would the company make over the course of its first 24 years of operation should be $2,114,784.
Learn more about profits here: https://brainly.com/question/10176219
We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.