Question: How to solve this word problem? A new computer software company earns a profit of $245,000 in its first year. The company expects its yearly

How to solve this word problem?

A new computer software company earns a profit of $245,000 in its first year. The company expects its yearly profit to increase by 15% a year for every subsequent year. What is the total profit the company will earn in its first 10 years, rounded to two decimal places?

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