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Calculate the FW of given proposal

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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 $80,000 at the end of the first year, $85,000 at the end of the second year, and so forth, increasing by $5000 each year. Assume the engineer uses a MARR of 10%, calculate the future worth of this proposal.

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Solution depicts the steps to estimate the future worth of a given cash flows.

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An engineer has invented a new high-speed wireless charging system. The engineer is considering selling the patent to cellular phone ...

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Lokesh Jain, MSc
Education
  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
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