What is projected ending balance

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Reference no: EM131070559

The City of Sustainberg started 2016 with $500,000 in cash reserves. In 2016, they expect to spend $1.75 million, and they’ve forecasted $1.8 million in revenues. Their revenues are growing at a rate of 2% per year. Their expenses are growing at a rate of 3% per year. Use this information to answer the next six questions.

Round your answers to the nearest whole dollar.

What is Sustainberg’s projected ending balance for 2017?

Reference no: EM131070559

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