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D Question 16 9 pts 16. You would like to add solar panels to your home. Looking at various systems you estimate that you will
D Question 16 9 pts 16. You would like to add solar panels to your home. Looking at various systems you estimate that you will save $100 a month in electricity for 20 years. After 20 years, you will have to pay $1000 to properly dispose of the solar panels. Assuming a discount rate of 4.8% compounded monthly, what is the most you would be willing to pay for the solar system? 9 pts Question 17 17. You bought a home in cash for $350,000. Ten years later you sold the house for $475,000. What is the annual rate of return with monthly compounding on the investment? Please enter the percentage, not the decimal. For instance, put 5.06 for 5.06%
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