You buy a $200,000 house using a 30-year mortgage. At the end of the 15th year you need to replace the roof and pay $15,000. At the end of the 10th and 20th year, you will need to replace the hot water heater and pay $2,000 each time. If i-6%, what is the equivalent uniform annual cost of owning the house?

You buy a $200,000 house using a 30-year mortgage. At the end of the 15th year you need to replace the roof and pay $15,000. At the end of the 10th and 20th year, you will need to replace the hot water heater and pay $2,000 each time. If i-6%, what is the equivalent uniform annual cost of owning the house?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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