Question: Rolled ball screws are suitable for high-precision applications such as water jet cutting. Their total manufacturing cost is expected to decrease because of increased productivity,

Rolled ball screws are suitable for high-precision applications such as water jet cutting. Their total manufacturing cost is expected to decrease because of increased productivity, as shown in the table. Determine the equivalent future cost at an interest rate of 10% per year.

Year 1 2 3 4 5 6 7 8
Cost, $1000 $200 $195 $190 $185 $180 $175 $170 $165

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