The heat loss through the windows of a home is estimated to cost the homeowner $612 per year in wasted energy. Thermal windows will reduce heat loss by 93% and can be installed for $1,932. The windows will have no salvage value at the end of their estimated life of ten years. Determine the net present equivalent value of the windows if the interest rate is 8%.

The heat loss through the windows of a home is estimated to cost the homeowner $612 per year in wasted energy. Thermal windows will reduce heat loss by 93% and can be installed for $1,932. The windows will have no salvage value at the end of their estimated life of ten years. Determine the net present equivalent value of the windows if the interest rate is 8%.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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