An engineer has invented a new high-speed wireless charging system. The engineer is considering selling the patent to a cellular phone manufacturer. The manufacturer offers 15 annual payments, starting with $50,000 at the end of the first year, $55,000 at the end of the second, and so forth, increasing by $5,000 each year (i.e., the last (15-th) payment will be $50,000 + (14x$5,000). Assume the engineer uses a MARR of 10%, calculate the Future Worth of this offer (at the end of the 15-th year). O $2,427,206. O $2,388,629. O $2,117,109. O $2,931,669. O $2,744,926.

An engineer has invented a new high-speed wireless charging system. The engineer is considering selling the patent to a cellular phone manufacturer. The manufacturer offers 15 annual payments, starting with $50,000 at the end of the first year, $55,000 at the end of the second, and so forth, increasing by $5,000 each year (i.e., the last (15-th) payment will be $50,000 + (14x$5,000). Assume the engineer uses a MARR of 10%, calculate the Future Worth of this offer (at the end of the 15-th year). O $2,427,206. O $2,388,629. O $2,117,109. O $2,931,669. O $2,744,926.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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