ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Chapter 9, Problem 4P
To determine

Net present value in 20 years if rate of interest is 8% and define open space conservation with is importance.

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Every year you pay your neighbor $150 to clean the gutters at your house. You saw an ad on late night TV for a new product--GutterSnipe--which sits in the gutters and prevents leaves getting in. Your interest rate is 8%, compounded daily, and you plan on being in the house another 10 years. You assume that any potential buyer won't be interested/notice that you have installed GutterSnipe on your house. What is the most you would be willing to pay to buy GutterSnipe for your house? $978 $965 $1010 $992
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ENGR.ECONOMIC ANALYSIS

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