Question: Omega Instruments budgeted $ 4 0 0 , 0 0 0 per year to pay for special - order ceramic parts over the next 5

Omega Instruments budgeted $400,000 per year to pay for special-order ceramic parts over the next 5 years. If the company expects
the cost of the parts to increase uniformly according to an arithmetic gradient of $10,000 per year, what is the cost estimated to be in
year 1 at an interest rate of 15% per year.
The estimated cost is $
Omega Instruments budgeted $400,000 per year to pay for special-order ceramic

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