An industrial robot with a controller, teach pendants, and job-specific peripherals has an initial cost of $85,000 now, and the future cost will increase exactly by the inflation rate. The cost of a similar robot 3 years from now at a market interest rate of 10% per year and inflation rate of 4% per year is closest to: (a) $95,610 (b) $102,414 (c) $125,931 (d ) $127,261

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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An industrial robot with a controller, teach pendants,
and job-specific peripherals has an initial cost of
$85,000 now, and the future cost will increase exactly
by the inflation rate. The cost of a similar robot
3 years from now at a market interest rate of 10% per
year and inflation rate of 4% per year is closest to:
(a) $95,610 (b) $102,414
(c) $125,931 (d ) $127,261

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