subject
Business, 24.07.2020 21:01 madelein51301

Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner's insurance policy is $450 for the coverage they need. Their insurance company offers a 5 percent discount if they install dead-bolt locks on all exterior doors. The couple can also receive a 2 percent discount if they install smoke detectors on each floor. They have contacted a locksmith, who will provide and install dead-bolt locks on the two exterior doors for $50 each. At the local hardware store, smoke detectors cost $7 each, and the new house has two floors. Dave and Ellen can install them themselves. a. How many years will it take Dave and Ellen to earn back in discounts the cost of the dead-bolts?
b. How many years will it take Dave and Ellen to earn back in discounts the cost of the smoke detectors?
c. Would you recommend Dave and Ellen invest in the safety items, if they plan to stay in that house for about 5 years?

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 23:30, zoseta
Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below
Answers: 1
image
Business, 22.06.2019 09:40, cerna
Alpha industries is considering a project with an initial cost of $8 million. the project will produce cash inflows of $1.49 million per year for 8 years. the project has the same risk as the firm. the firm has a pretax cost of debt of 5.61 percent and a cost of equity of 11.27 percent. the debt–equity ratio is .60 and the tax rate is 35 percent. what is the net present value of the project?
Answers: 1
image
Business, 22.06.2019 15:30, jasonoliva13
Careers in designing, planning, managing, building and maintaining the built environment can be found in the following career cluster: a. agriculture, food & natural resources b. architecture & construction c. arts, audio-video technology & communications d. business, management & administration
Answers: 2
image
Business, 22.06.2019 16:10, safiyyahrahman6907
From what part of income should someone take savings?
Answers: 2
You know the right answer?
Dave and Ellen are newly married and living in their first house. The yearly premium on their homeow...

Questions in other subjects:

Konu
Social Studies, 04.08.2019 10:40
Konu
English, 04.08.2019 10:40