The heat loss through the windows of a home is estimated to cost the homeowner $422 per year in wasted energy. Thermal windows will reduce heat loss by 90% and can be installed for $1,246. The windows will have no salvage value at the end of their estimated life of 10 years. Determine the net present equivalent value of the windows if the interest rate is 12%. $1,922 $900 $422 $1,132