In the CIA World Fact Book, GDP per capita in the United States in 2010 was approximately $47,400. The formula for growth used in that spreadsheet for any given year, yt, is yt = y0 (1 + g)t, where y0 is the value of GDP in the beginning year, yt is the value of GDP for the specific year in question, and t is the number of years after y0. If y0 is GDP per capita in 2010 and the economy continues to grow at approximately 3% as it did in 2010, what will be the value of GDP per capita in ten years?