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Should
I replace my furnace? |
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| Think
of investment options. Stocks, bonds, mutual funds,
money market, 401k, 403b, annuities, IRA, life insurance,
real estate, egads! |
| The choices
of investment options to earn money are endless. Wall
Street finance lingo mixed with risk and uncertainty
can be overwhelming! So what is a really good investment
with an assured strong return?
Pay off those high
rate credit cards? You bet! The guaranteed ROI (return
on investment) can be significant. What about a savings
account or CD offering an assured ROI at a pretty
low rate?
How
about investing in a hard necessity that can yield
a very attractive ROI?
No fancy Wall Street
words, just simple math. A new Armstrong or Amana
furnace could save $320 or more on an annual heat
bill of $2000 with an investment of $2,800*!
The ROI is a pretty fair 11.4% when you divide the
annual cost savings of $320 by the initial investment
of $2,800*.
In nine years time
this $320 annual savings becomes $2,880*
– more than the cost of the new furnace! That doesn't
account for any repair costs for the old furnace in
the next nine years.
These numbers
are based on replacing an 80% AFUE furnace with a
new 96% AFUE Amana furnace and taking the generous
manufacturer rebates and Focus on Energy rebates. |
| *estimated
average furnace cost after rebates |
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