Problem

A high-end real estate developer needs to install 50 new washing machines in a building sh...

A high-end real estate developer needs to install 50 new washing machines in a building she leases to tenants (with utilities included in the monthly rent). She knows that energy-efficient front loaders cost less per year to run, but they can be much more expensive than traditional top loaders. Investigate by visiting an appliance store or using the Internet, the prices and energy efficiency of two comparable front-loading and top-loading washing machines.

The energy guide ratings use data that is often several years old. If the owner believes that current energy costs are 20% higher than what is indicated with the energy guide, redo the calculations for (1) above and determine if it will take less time for the two total expenditures to be equal.

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