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Business, 12.06.2020 23:57 GusGus11

A rotary engine powers a vertical takeoff and landing (VTOL) personal aircraft known as the Moller Skycar M400. It is a flying car known as a personal air vehicle (PAV), and it is expected to make its first untethered flight in 2020. The PAV has been under development for 25 years at a total cost of $110 million. Assuming the $110 million was spent in an equal amount each year, determine the future worth at the end of the 25-year period at an interest rate of 8% per year.

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