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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Consider a homeowner who is replacing his 25-yearold natural gas furnace that has an efficiency of 55 percent. The homeowner is considering a conventional furnace that has an efficiency of 82 percent and costs $1600 and a high efficiency furnace that has an efficiency of 95 percent and costs $2700. The homeowner would like to buy the high efficiency furnace if the savings from the natural gas pay for the additional cost in less than 8 years. If the homeowner presently pays $1200 a year for heating, determine if he should buy the conventional or high-efficiency model.
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