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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Basics Of Engineering Economy

ISBN: 9780073376356

2nd Edition

Authors: Leland T. Blank, Anthony Tarquin

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