Question
You are considering options from two roofing contractors to fix your roof. Option A will last you 10 years and cost $5,300 whereas Option B
You are considering options from two roofing contractors to fix your roof. Option A will last you 10 years and cost $5,300 whereas Option B will last 20 years and cost $8,200. If you are planning to take a home equity loan from your bank, at what interest rate would you be indifferent to the two options. (Hint: Use Goal Seek)
| A | 12.82% | |
| B | 6.22% | |
| C | 5.15% | |
| D | Cannot be deduced |
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Finance And Sustainability
Authors: William Sun, Celine Louche, Roland Perez
1st Edition
1780520921, 978-1780520926
