A manufacturer of triaxial accelerometers wants to have $2,800,000 available 10 years from now so that a
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A manufacturer of triaxial accelerometers wants to have $2,800,000 available 10 years from now so that a new product line can be initiated. If the company plans to deposit money each year, starting one year from now, the equal amount to deposit each year at 6% per year interest in order to have the $2,800,000 available immediately after the last deposit is closest to:
a. $182,000
b. $188,500
c. $191,300
d. $212,400
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Related Book For
Basics Of Engineering Economy
ISBN: 9780073376356
2nd Edition
Authors: Leland T. Blank, Anthony Tarquin
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