You are going to buy a refrigerator brand a will cost 700, Business Economics

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You are going to buy a refrigerator brand a will cost 700

You are going to buy a refrigerator. Brand A will cost $700 and cost $80 per year to perate. Brand B will cost $800 and cost $55 per year to operate. You want to earn 12% per year on your money. Neither will have any salvage value. How long will you need to keep your refrigerator to make brand B attractive? Please show a step by step solution.

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Business Economics: You are going to buy a refrigerator brand a will cost 700

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