Exotic Faucets and Sinks, Ltd. guarantees that their new infra-red sensor faucet will save any household that
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Exotic Faucets and Sinks, Ltd. guarantees that their new infra-red sensor faucet will save any household that has two or more children at least
$30 per month in water costs beginning one month after the faucet is installed. If the faucet is under full warranty for five years, the minimum amount a family could afford to spend now on such a faucet at an interest rate of 6% per year compounded monthly is closest to:
a. $149
b. $1552
c. $1787
d. $1890
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