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You are considering two home security companies for your new house. The first company offers free installation and equipment, but will charge you $447.00 per
You are considering two home security companies for your new house. The first company offers free installation and equipment, but will charge you $447.00 per year for the next five years. The second company charges $762.00 for installation, but will charge you $269.00 per year for the next five years. Assume that payments are at the END of the year. Your personal interest rate is 6.00%. What is the PV of the paid installation? (express as a negative) Answer format: Currency: Round to: 2 decimal places
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