Jordan Is Considering Building a Nuclear Power Plant, Which Will

question 46

Multiple Choice

Jordan is considering building a nuclear power plant, which will be ready for production in 2030. The country's governing body is also considering a decommissioning liability law for the operator to put aside $1 million every month towards decommissioning cost, when the plant is producing electricity. During the 60 years of production life of the plant, the operator will put $1 million at the end of the month in a savings account, earning 7.25% compounded monthly. At the end of the production life of the plant, there are no more contributions and the money is expected to grow at the rate of 6% compounded quarterly for the next 30 years. What will be the value of the decommissioning fund in 2120?

• A) $12.49 billion
• B) $74.57 billion
• C) $75.23 billion
• D) $70.94 billion
• E) $60.90 billion

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Definitions:

Date-Rape Drug

A substance used to incapacitate someone in order to commit a sexual assault.

Rapid-Acting Anesthetic

A type of medication used to induce anesthesia quickly, minimizing the time between administration and the onset of anesthesia.

Hallucinogenic Effects

The influence of certain substances that lead to profound alterations in perception, mood, and thought, typically resulting in visual or auditory hallucinations.

Ketamine

A medication primarily used for starting and maintaining anesthesia, also known for its effects on treating depression and acute pain.