Dan Preston made 18000 in the first movie he ever starred in

Dan Preston made? $18,000 in the first movie he ever starred in. Dan soon made more and more movies and more and more money. At a? 46.18% rate of salary increase per? movie, how many movies did Dan make in order to earn? $5,350,000 in a single? movie?

Solution

N=(FV/PV)/(1+r)

N=IN(5350000/18000)/IN(1.4618)

N=5.69448/0.37967

N=14.999

or

Approx. 15 Movies