The maker of a motion-sensing towel dispenser is considering adding new products to enhance offerings in the area of touchless technology. If the company does not expand its product line now, it will definitely do so in 2 years. Assume the interest rate is 10% per year. The amount the company can afford to spend now if the cost 2 years from now is estimated to be $100,000 is closest to: (a) $75,130 (b) $82,640 (c) $91,000 (d) $93,280
The maker of a motion-sensing towel dispenser is considering adding new products to enhance offerings in the area of touchless technology. If the company does not expand its product line now, it will definitely do so in 2 years. Assume the interest rate is 10% per year. The amount the company can afford to spend now if the cost 2 years from now is estimated to be $100,000 is closest to: (a) $75,130 (b) $82,640 (c) $91,000 (d) $93,280
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
Problem 1.1MA
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The maker of a motion-sensing towel dispenser is
considering adding new products to enhance offerings
in the area of touchless technology. If the
company does not expand its product line now, it
will definitely do so in 2 years. Assume the interest
rate is 10% per year. The amount the company can
afford to spend now if the cost 2 years from now is
estimated to be $100,000 is closest to:
(a) $75,130
(b) $82,640
(c) $91,000
(d) $93,280
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