Question
Space heater A costs $600 to purchase, and electricity bills of $250 per year, and lasts for 8 years. Space Heater B costs $1500, and
Space heater A costs $600 to purchase, and electricity bills of $250 per year, and lasts for 8 years. Space Heater B costs $1500, and electricity bills of $150 per year, and lasts for 15 years. The discount rate is 10%. What are the equivalent annual costs of the Space Heaters A & B Models?
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Personal Finance
Authors: E Thomas Garman, Raymond E Forgue
10th Edition
143903902X, 9781439039021
