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The following are a company's sales for the last 16 years:
Year Xylophone
1 $230
2 $573
3 $994
4 $1,683
5 $3,192
6 $6,140
7 $8,892
8 $13,586
9 $18,376
10 $29,476
11 $33,598
12 $44,208
13 $58,473
14 $96,368
15 $149,306
16 $209,397
Problem 1: Fit an exponential trend curve to the data and show the equation.
Problem 2: Calculate the projected sales in year 17 using the exponential equation.
Problem 3: What is the CAGR over the 16-year period?
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