Matt and Kristin are newly married and living in their first house. The yearly premium on their homeowner's insurance policy is $600 for the coverage they need. Their insurance company offers a 6 percent discount if they install dead-bolt locks on all exterior doors. The couple can also receive a 3 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 $45 each. At the local hardware store, smoke detectors cost $6 each, and the new house has two floors. Kristin and Matt can install them themselves.
How many years will it take Kristin and Matt to earn back in discounts the cost of the dead-bolts? (Round your answer to 2 decimal places.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Matt and Kristin are newly married and living in their first house. The yearly premium on their homeowner's insurance policy is $600 for ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Corporate finance is concerned with the different aspects of a business's financial management. The chief financial officer (CFO) is the top financial position in the organization and oversees several tasks.
Answers (1)
Rearden Metal has just issued a callable, $1000 par value, twenty-year, 8% coupon bond with semiannual coupon payments. The bond can be called at par in five years or anytime thereafter on a coupon payment date.
Answers (1)
Listed below are a few transactions and events of Piper Company. Piper Company records a year-end entry for $10,000 of previously unrecorded cash sales (costing $5,000) and its sales taxes at a rate of 4%.
Answers (1)
An accountant has debited an asset account for $1,200 and credited a liability account for $500. What can be done to complete the recording of the transaction?
Answers (1)
Pauline Davis's charge account statement shows an unpaid balance of $225. The monthly finance is 1.25% of an unpaid balance. What is the new balance account?
Answers (1)
New Questions in Business
The term "constant returns to scale" describes a situation where expanding all inputs does not change the average cost of production. a larger-scale firm can produce at a lower cost than a smaller-scale firm.
Answers (1)
When you visit a campus, you should plan to do all of the following except. A. stay the night in a dorm. B. meet with a professor. C. sit in on a class lecture. D. attend a college party.
Answers (2)
1. An ATM card is used on January 24 to withdraw cash. What is the balance after this transaction?
Answers (1)
Which task would most likely be completed by fraud examiner
Answers (1)
how do i make a resume im trying to get a job for the summer to make some money but i dont know how to make one
Answers (1)