Business, 20.03.2020 01:31 krislinsanchez5221

You are trying to decide whether to repaint your house or install vinyl siding. The vinyl siding will cost $13,000 today and will last 25 years. Painting your house will cost $3,500 today. However, a paint job only lasts 5 years. Additionally, there will be some weather damaged boards that need replacing if you choose to paint. Replacing the boards will cost $1,000, last 5 years as well. If you keep your money in a bank account that earns 10% (EAR), would you prefer to paint or install the siding

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