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Problem 1 0 - 2 8 Equivalent Annual Cost [ LO 4 ] Light emitting diodes ( LED ) light bulbs have become required in
Problem Equivalent Annual Cost LO
Light emitting diodes LED light bulbs have become required in recent years, but do they make financial sense? Suppose a typical watt incandescent light bulb costs $ and lasts hours. A watt LED, which provides the same light, costs $ and lasts for hours. A kilowatthour of electricity costs $ A kilowatthour is watts for hour. If you require a return of percent and use a light fixture hours per year, what is the equivalent annual cost of each light bulb? A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to decimal places, eg
tablewatt incandescent light bulb,$LED light bulb,$
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