An industrial robot with a controller, teach pendants, and job-specific peripherals has an initial cost of $85,000
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An industrial robot with a controller, teach pendants, and job-specific peripherals has an initial cost of $85,000 now, and the future cost will increase exactly by the inflation rate. The cost of a similar robot 3 years from now at a market interest rate of 10% per year and inflation rate of 4% per year is closest to:
(a) $95,610
(b) $102,414
(c) $125,931
(d) $127,261
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