If changing market conditions cause a company earning $6,000,000 in 2018 to project a loss of 2% of its profit in each of the next 5 years, what profit does it project in 2023? (Round your answer to the nearest dollar.)

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.CT: Chapter Test
Problem 14CT
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If changing market conditions cause a company earning $6,000,000 in 2018 to project a loss of 2% of its profit in each of the next 5 years, what profit does it project in 2023? (Round your answer to the nearest dollar.)
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