3. By filling carbon nanotubes with miniscule wires made of iron and iron carbide, incredibly thin nano wires could be extruded by blasting the carbon nanotubes with an electron beam. If Gentech Technologies spends P2.7 million now in developing the process, how much would the company have to receive in licensing fees 3 years from now to recover its investment at 20% per year interest?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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3. By filling carbon nanotubes with miniscule wires
made of iron and iron carbide, incredibly thin
nano wires could be extruded by blasting the carbon
nanotubes with an electron beam. If Gentech
Technologies spends P2.7 million now in developing
the process, how much would the company
have to receive in licensing fees 3 years from now
to recover its investment at 20% per year interest?
Transcribed Image Text:3. By filling carbon nanotubes with miniscule wires made of iron and iron carbide, incredibly thin nano wires could be extruded by blasting the carbon nanotubes with an electron beam. If Gentech Technologies spends P2.7 million now in developing the process, how much would the company have to receive in licensing fees 3 years from now to recover its investment at 20% per year interest?
4. Find the future worth in year 10 of an investment
that starts at P8000 in year 1. The interest rate
is 10% per year.
Transcribed Image Text:4. Find the future worth in year 10 of an investment that starts at P8000 in year 1. The interest rate is 10% per year.
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