New actuator element technology enables engineers to simulate complex computer-controlled movements in any direction. If the technology results in cost savings in the design of new roller coasters, determine the future worth at 12% per year in year 6 for estimated savings of $70,000 now and $90,000 two years from now using (a) tabulated factors, and (b) spreadsheet functions.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 17EB: Caduceus Company is considering the purchase of a new piece of factory equipment that will cost...
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New actuator element technology enables engineers to simulate complex computer-controlled movements in any direction. If the technology results in cost savings in the design of new roller coasters, determine the future worth at 12% per year in year 6 for estimated savings of $70,000 now and $90,000 two years from now using (a) tabulated factors, and (b) spreadsheet functions.

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