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You are buying a refrigerator and have narrowed it down to two options. Option 1 costs $1,100 and costs $106/year to run. Option 2 costs

You are buying a refrigerator and have narrowed it down to two options. Option 1 costs $1,100 and costs $106/year to run. Option 2 costs $900 and costs $144/ year to run. Both options will last 20
years. Your money is currently earning 5.0%. Which option offers you the best deal?

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