Question: An engineer has invented a new high-speed wireless charging system. The engineer is considering selling the patent to a cellular phone manufacturer. The manufacturer offers

 An engineer has invented a new high-speed wireless charging system. The

An engineer has invented a new high-speed wireless charging system. The engineer is considering selling the patent to a cellular phone manufacturer. The manufacturer offers 15 annual payments, starting with $50,000 at the end of the first year, $55,000 at the end of the second, and so forth, increasing by $5,000 each year (.e. the last (15-th) payment will be $50,000 + (14x$5,000). Assume the engineer uses a MARR of 8%, calculate the Future Worth of this offer (at the end of the 15-th year) O $2,117,109. $2,388,629. $2,427,206. $2,744,926. $2.931,669

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