The price of a gallon of gasoline went from $3.19 to $3.41. What is the percent increase, to the nearest tenth of a percent?
A) 93.5% B) 1.1% C) 6.9% D) None of these
C
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Callahan Construction borrowed $2.6 million to finance the construction of an entertainment complex in a smart community development project. The company made “interest only” payments of $312,000 each year for 3 years and then repaid the principal in a single lump sum payment of $2.6 million. What was the interest rate on the loan?
What will be an ideal response?
In a geothermal heat pump system, there is a refrigerant loop and a water (water and antifreeze) loop.
Answer the following statement true (T) or false (F)
How many temperature degrees of variation are represented by a single hardiness zone?
a. 10 c. 20 b. 15 d. 25
This problem is based on the following cash flows for alternatives X and Y at an interest rate of 10% per year.
 FIGURE 1.png)
In comparing the alternatives on a present worth basis, the PW of machine X is closest to:
(a) $23,160
(b) $40,560
(c) $58,950
(d) $72,432