Answer:
Step-by-step explanation:
Using the formula for exponential growth, we can calculate the sales 10 years later:
Sales in 10 years = $2,000,000 × (1 + 0.07)^10
Sales in 10 years = $2,000,000 × 1.967151
Sales in 10 years = $3,934,302
Therefore, the sales 10 years later will be $3,934,302.