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What are the equivalent annual cost of the econo-cool and


Econo-Cool air conditioners cost $300 to purchase, result in electronic bills of $150 per year and last for 5 years. Luxury Air models cost $500, result in electronic bills of $100 per year and last for 8 years. The discount rate is 21%.

  1. What are the Equivalent Annual Cost of the Econo-Cool and Luxury Air models?
  2. Which model is more cost effective?

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Business Management: What are the equivalent annual cost of the econo-cool and
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