Suppose a new business makes a $1,000 profit in its first month and has its profit increase by 13% each month for the next 2 years. How much profit will the business earn in its 15^th month? Round your answer to the nearest cent. A)$6,254.27 B)$5,534.75 C)$7,067.33 D)$4,898.01 E)$1,130.00

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The Answer of Suppose a new business makes a $1,000 profit in its first month and has its profit increase by 13% each month for the next 2 years. How much profit will the business earn in its 15^th month? Round your answer to the nearest cent. A)$6,254.27 B)$5,534.75 C)$7,067.33 D)$4,898.01 E)$1,130.00

Suppose a New Business Makes a $1,000 Profit in Its