You are deciding between three types of water heaters. The associated costs are shown below. At the end of year 5, the electricity and oil water heaters need to be replaced with the same model at the purchased prices. Which alternative should be selected on the basis of their future worth at an interest rate of 12% per year?
e
Hint: The estimated annual cost of operation for gas and oil heaters equals
365 x 41045/EF x Fuel Cost per Btu and the estimated annual cost of operation for electric water heaters equals 365 x 12.03/EF x Electricity Cost per kWh.
Definitions:
Doves
In political terms, individuals or policies that prefer negotiation and peaceful solutions over conflict and war.
American Military
The armed forces of the United States, responsible for defending the U.S. against external threats and providing military support internationally.
HR Database
An HR database is a system that stores, manages, and processes data related to an organization's employees, including personal information, job roles, and performance records.
Paper-based System
A traditional system of managing information using physical documents rather than digital formats.
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