Profits from recycling paper, cardboard, aluminum,
and glass at a liberal arts college have increased
at a constant rate of $1100 in each of the
last 3 years. If this year’s profit (end of year 1) is
expected to be $6000 and the profit trend continues
through year 5, ( a ) what will the profit be at
the end of year 5 and ( b ) what is the present
worth of the profi t at an interest rate of 8% per
year?