Answer:
option A
Step-by-step explanation:
given,
Korey expects to average $1,000 of profit each month
first year profit from the comic book store = $1000 × 12
= $12,000
now for next four year profit will increase by 6%
Second year profit: $12,000 × 1.06
Third year profit: $12,000 × 1.06²
Fourth year profit: $12,000 × 1.06³
Fifth year profit: $12,000 × 1.06⁴
=$15,149.72
Profit of Korey expected after fifth year is equal to $15,149.72.
Hence the correct answer is option A
