How much would a landlord be justified in paying for a new


How much would a landlord be justified in paying for a new furnace that would save $1,000 a year in heating bills if the furnace has a life of 20 years and a salvage value of 10% of its initial cost? Assume an interest rate of 6% per year.

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Financial Management: How much would a landlord be justified in paying for a new
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