Joan is deciding whether she should remodel her house now or one year from now. If she does it now, the cost will be $1 500. If she waits one year, the cost is expected to be $1 600. At current interest rate of 5.6%, should Joan remodel her house now or one year from now?

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The Answer of Joan is deciding whether she should remodel her house now or one year from now. If she does it now, the cost will be $1 500. If she waits one year, the cost is expected to be $1 600. At current interest rate of 5.6%, should Joan remodel her house now or one year from now?

Joan Is Deciding Whether She Should Remodel Her House Now