Question
Econo-Cool Air Conditioners cost $500 to purchase and results in an electricity bill of $190 per year. The Econo-Cool Air Conditioners lasts for 7 years.
Econo-Cool Air Conditioners cost $500 to purchase and results in an electricity bill of $190 per year. The Econo-Cool Air Conditioners lasts for 7 years. The discount rate is 21%. What is the equivalent annual cost?
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Financial Econometrics
Authors: Peijie Wang
1st Edition
0415426693, 978-0415426695
