A rotary engine is the essence of a vertical takeoff and landing (VTOL) personal aircraft known as

Question:

A rotary engine is the essence of a vertical takeoff and landing (VTOL) personal aircraft known as the Moller Skycar M400. It is a flying car known as a personal air vehicle (PAV) and it is expected to make its first untethered flight in 2020. The PAV has been under development for 30 years at a total cost of $100 million. Assuming the $100 million was spent in an equal amount each year, determine the future worth at the end of the 30-year period at an interest rate of 10% per year.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

Question Posted: