A Homeowner in a Sunny Climate Has the Opportunity to Install

question 74

Multiple Choice

A homeowner in a sunny climate has the opportunity to install a solar water heater in his home for a cost of $2400.After installation the solar water heater will produce a small amount of hot water every day,forever,and will require no maintenance.How much must the homeowner save on water heating costs every year if this is to be a sound investment? (The interest rate is 9% per year.)

• A)$216
• B)$240
• C)$248
• D)$262
• E)$220

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Definitions:

Sex Partners

Sex partners refer to individuals who engage in sexual activities with each other.

Median

A statistical measure representing the middle value in a data set, where half the numbers are above and half are below.

Standard Deviation

A metric indicating the degree of spread or variability among values in a collection.

Variation

The occurrence of an organism, trait, or gene in more than one form, leading to diversity within a population.