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  3. the cherry street creamery made a $1,200 profit in

The Cherry Street Creamery made a $1,200 profit in its first month of business. Suppose...

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Accounting

The Cherry Street Creamery made a $1,200 profit in its first month of business. Suppose its profit increases by 8% each month. How much profit will The Cherry Street Creamery earn in its 16th month? Group of answer choices $3,806.60 $3,500.00 $4,000.00 $4,111.13 $4,440.02

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