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:

Critical Period

A specific time in the early stages of an organism's life during which it has an increased sensitivity to certain environmental stimuli, with long-lasting effects on development.

Rubella

A contagious viral infection best known for its distinctive red rash, also called German measles, which is particularly dangerous for pregnant women.

First Trimester

The initial stage of pregnancy, encompassing the first twelve weeks, critical for the development of the embryo into a fetus.

Plasticity

The brain's ability to modify and adjust its structure and functions based on new experiences, education, or after sustaining damage.