To improve crack detection in military aircraft, theAir

Chapter 2, Problem 2.42

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To improve crack detection in military aircraft, theAir Force combined ultrasonic inspection procedureswith laser heating to identify fatigue cracks.Early detection of cracks may reduce repair costsby as much as $200,000 per year. If the savingsstart at the end of year 1 and increase by 3% eachyear through year 5, calculate the present worth ofthese savings at an interest rate of 10% per year.

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