Question
18. VT, Inc., is a small company that uses ultra-wideband technology to develop devices that can detect objects (including people) inside buildings, behind walls, or
18. VT, Inc., is a small company that uses ultra-wideband technology to develop devices that can detect objects (including people) inside buildings, behind walls, or below ground. The company expects to spend $275,000 per year before a product can be marketed. At a compound interest rate of 15% per year, what is the total equivalent future amount of the companys expenses at the end of 3 years?
(All the alternatives presented below were calculated using compound interest factor tables including all decimal places)
1. 418,248 2. 1,373,185 3. 627,880 4. 954,938
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