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Econo-Cool Air Conditioners cost $500 to purchase and results in an electricity bill of $130 per year. The Econo-Cool Air Conditioners lasts for 6 years.

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Econo-Cool Air Conditioners cost $500 to purchase and results in an electricity bill of $130 per year. The Econo-Cool Air Conditioners lasts for 6 years. The discount rate is 15%. What is the equivalent annual cost? Enter your response below. Number Click "Verity to proceed to the next part of the question Section Attempt 1 of 1 Verify

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