Problem:
Maxwell started a home theater business in 2011. The revenue of his company for that year was $270,000. The revenue grew by 18% in 2012 and by 28% in 2013. Maxwell projected that the revenue growth for his company in the next 3 years will be at least 23%/year.
Required:
Question: How much does Maxwell expect his minimum revenue to be for 2016?
Note: Show all workings.