Question: A software company that installs systems for inventory control using RFID technology spent $ 6 4 0 , 0 0 0 per year for the
A software company that installs systems for inventory control using RFID technology spent $ per year for the past years in developing their latest product. The company optimistically hopes to recover its investment in years on a single contract beginning immediately year The company is negotiating a contiact that will pay $ now and a tobeagreedupon annual increase of a constant amount each year through year How much must the income increase an arithmetic gradient each year if the company wants to realize a return of per year? Round the final answer to three decimal places.
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