Page 1 of 1
A 1,500 square foot house in New Jersey costs $1,400 each winter to heat with its existing oil-burning furnace. For an i
Posted: Sun Jul 03, 2022 6:56 am
by answerhappygod
- A 1 500 Square Foot House In New Jersey Costs 1 400 Each Winter To Heat With Its Existing Oil Burning Furnace For An I 1 (56.4 KiB) Viewed 15 times
A 1,500 square foot house in New Jersey costs $1,400 each winter to heat with its existing oil-burning furnace. For an investment of $5,000, a natural gas furnace can be installed, and the winter heating bill is estimated to be $800. If the homeowner's MARR is 6% per year, what is the discounted payback period of this proposed investment? Choose the correct answer below. O A. The discounted payback period of this proposed investment is 11 years. OB. The discounted payback period of this proposed investment is 9 years. OC. The discounted payback period of this proposed investment is 12 years. D. The discounted payback period of this proposed investment is 10 years.