Annual sales for a company are $149,000 and are increasing at a rate of 6% per year; 7 years

This is exponential growth of the form:

F=Ir^t, F=final amount, I=initial amount, r=rate, t=time ... in this case:

F=149000 (1.06^t) so

F (7) = 149000 (1.06^7)

F (7) = $224040.91 (to the nearest cent)