System Cost to Install Operating Cost/Year Solar $29,700 $150 Electric $5000 $1100

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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The costs for two different kinds of heating systems for a small home are given in the herewith attached table. After how many years will total costs for solar heating and electric heating be the same? What will be the cost at that time?

 

System
Cost to Install
Operating Cost/Year
Solar
$29,700
$150
Electric
$5000
$1100
Transcribed Image Text:System Cost to Install Operating Cost/Year Solar $29,700 $150 Electric $5000 $1100
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