Online retail sales stood at $22.7 billion for 2000. For the next 2 years, they grew by 32.4% and 27.4% per year, respectively. For the next 6 years, online retail sales are projected to grow at 30.5%, 19.6%, 24.2%, 13.4%, 17.4%, and 10.1% per year, respectively. What are the projected online sales for 2008? Round your answer to the nearest tenth.
$__________ billion
Correct Answer:
Verified
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