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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: 332.531

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Given an equivalent annual cost of $332.53, should you replace your current air conditioner which costs $330 per year to run?

Do NOT Replace

Replace