Solve all four (4) questions, Show all steps and complete calculations. Each que

Question

Solve all four (4) questions, Show all steps and complete calculations. Each question I. The Department of Energy is proposing new rules mandat washer efficiency by 2005 and a option B increase by 200%. The A option is expected to add $100 to the current price of a washer, while option B will add $240 to the price If the cost for energy is $80 per year with option A and $65 per year with option B, at an interest rate of 10% per year and 15-year life for all washer models what is the future worth of option A? ing a option A in clothes

Explanation / Answer

1.

Initial investment due to option A = $100

Annual cost of energy with option A = $80

Time = 15 years

R = 10%

Future worth of option A = 100*(1+10%)^15 + 80*(1.10^15 - 1)/.1

Future worth of option A = $2959.52

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