Equiv Annual Costs Q

Any help is greatly appreciated! Econo-Cool air conditioners cost $1,300 to purchase, result in electricity bills of $650 per year, and last for 5 years. Luxury Air models cost $1,500, result in electricity bills of $220 per year, and last for 8 years. The discount rate is 21%. A . What are the equivalent annual costs of the Econo-Cool and Luxury Air models? B. Econo-cool costs $1,300 and lasts for 5 years. The annual rental fee with the same PV is ___ C. Econo-cool costs $1,300 and lasts for 5 years. The annual rental fee with the same PV is ___ D. Luxury Air costs $1,500, and lasts for 8 years. Its equivalent annual rental fee is found as ____ E. The equivalent annual cost of owning and running Luxury Air is ____

 

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