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Question 1 of 5
Company T's business model predicted the company's revenue for the years 2001 through 2006, based on the company's revenue for the year 2000. For each of the years 2001 through 2006, the predicted revenue was 10% more than the predicted revenue for the preceding year. What was the first year for which the predicted revenue was more than $16,000,000? (1) The predicted revenue for 2001 was $11,000,000. (2) The predicted revenue for 2004 was $4,641,000 more than the revenue for 2000.