Company A had net income of $5 million in 2010, while Company B , a small competing company, had net income of $2 million. Management of Co. A develops a business plan for future growth that projects an increase in net income of 0.5 million per year, while the management of Co. B develops a plan aimed at increasing its net income by 15% each year.

Express the projected net incomes in these two business plans as recurs ion formulas.