Determine the best alternative

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Quinton's refrigerator has just died. He can get a basic refrigerator or a more efficient refrigerator with an Energy Star designation. Quinton earns 4% compounded annually on his investments, he wants to consider a 10-year planning horizon, and he will use present worth analysis to determine the best alternative. What is your recommendation? Contributed by Paul R. McCright, University of South Florida.

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Reference no: EM131807263

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