Shamsir's small business has been growing slowly. He has noticed that his monthly profit increases by 1 percent every tw

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Shamsir S Small Business Has Been Growing Slowly He Has Noticed That His Monthly Profit Increases By 1 Percent Every Tw 1 (40.09 KiB) Viewed 45 times

Shamsir's small business has been growing slowly. He has noticed that his monthly profit increases by 1 percent every two months. Suppose that the profit at the end of this month is $14,000. What is the present value of all his profits over the next two years? Annual nominal interest is 18 percent, compounded monthly Shamsir's profits over the next two years will be $ (Round to the nearest dollar as needed.) Clear all Check answer