Question: You are considering options from two roofing contractors to fix your roof. Option A will last you 10 years and cost $50,300 whereas Option B
| You are considering options from two roofing contractors to fix your roof. Option A will last you 10 years and cost $50,300 whereas Option B will last 15 years and cost $68,200. If you are planning to take a home equity loan from your bank, at what interest rate would you be indifferent to the two options. (Hint: Use Goal Seek) | |||||||||||
Could you work the question out in excel and show the steps you used to solve the question?
thanks for your help! | |||||||||||
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