A software company that installs systems for
Chapter 3, Problem 3.43(choose chapter or problem)
A software company that installs systems for inventorycontrol using RFID technology spent$600,000 per year for the past 3 years in developingtheir latest product. The company optimisticallyhopes to recover its investment in5years on a single contract beginning immediately(year 0). The company is negotiating a contract that will pay $250,000 now and a to-beagreed-uponannual increase of a constantamount each year through year 5. How muchmust the income increase (an arithmetic gradient)each year, if the company wants to realize areturn of 15% per year?
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