A public utility is considering the following 3 mutually exclusive alternatives to supplying water for a small town: Alt A Alt B Alt C Initial cost $ 240,000 350,000 650,000 Maintenance $lyr 8,000 12,000 7,000 Sales $lyr 80,000 200,000 180,000 Life (yrs) 9 12 Infinite Determine the best alternative using the incremental benefit cost ratio method. The rate is 6% per year.

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Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.