Re: Engineering Economics 101, example II...

Bobster . wrote:
> With todays low loan rates,I could borrow a second mortgage on my home
> of $18,000 and repay it over 30 years, and have a monthly payment of
> less than $100.

The significant difference between your calculation and Don Lancaster's 
is that he amortizes over 10 years, not 30.  I guess we should consider 
the expected lifetime of a PV system, to find the appropriate term for a 
mortgage.

Mike Ackerman