1. Do we know yet whether Monica's fears about retirement are justified? Do you have any preliminary opinion about this?
2. Do you think she should consider a new furnace now?
3. Complete the furnace problem and give your response?
Unlike Richard, Monica remained very concerned about their financial future. Specifically she was fearful that the couple would not have enough money to retire comfortably as they had expected. She asked whether she should postpone or eliminate one improvement on her house. She estimated that a new furnace with a useful life of eight years would cost $20,000 and would save $4,000 a year in heating bills.