An engineer who owns a construction company that specializes in large commercial projects noticed that material costs increased at a rate of 2% per quarter over the past 2 years. If a material cost index were created for that 2-year period with the value of the index set at 100 at the beginning of the period, what would be the value of the index at the end? Express your answer to two decimal places.
What will be an ideal response?
At 2% per quarter, annual increase = (1 + 0.02)? -1 = 0.1717 (17.17%)
Index value = 100(1.1717)
= 117.17
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It is difficult to cost justify deploying a fully mesh network in the metro area
Indicate whether the statement is true or false