Vertical takeoff and landing personal aircraft

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Reference no: EM131581686

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 27 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 27-year period at an interest rate of 10% per year.

The future worth is $

Reference no: EM131581686

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