A contractor estimates that It would take $17,096 to make a home 50% more energy-efficlent than a code-bullt house. She projects that the code-bullt would have annual heating costs of $1630, whlle the more onorgy-efficlent house would have annual heating costs of $759. How long would It take for annual savings to pay off the cost of the upgrades?
A contractor estimates that It would take $17,096 to make a home 50% more energy-efficlent than a code-bullt house. She projects that the code-bullt would have annual heating costs of $1630, whlle the more onorgy-efficlent house would have annual heating costs of $759. How long would It take for annual savings to pay off the cost of the upgrades?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Set up the equation and solve.
A contractor estimates that It would take $17,096 to make a home 50% more energy-efficlent than a code-bullt house. She projects that the code-bullt I
would have annual heating costs of $1630, whlle the more onorgy-efficlent house would havo annual heating costs of $759. How long would It take for
annual savings to pay off the cost of the upgrades?
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