A 2 500 square foot house in new jersey costs 1 725 each


Question: A 2, 500 square foot house in New Jersey costs $1, 725 each winter to heat with its existing oil-burning furnace. For an investment of $6,000, a natural gas furnace can be installed, and the winter heating bill is estimated to be $1,000. If the homeowner's MARR is 8% per year, what is the discounted payback period of this proposed investment?

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Accounting Basics: A 2 500 square foot house in new jersey costs 1 725 each
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