A Homeowner in a Sunny Climate Has the Opportunity to Install

question 12

Multiple Choice

A homeowner in a sunny climate has the opportunity to install a solar water heater in his home for a cost of $2900. 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 5% per year.)

• A) $145
• B) $160
• C) $175
• D) $190

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Definitions:

Electra Complex

A concept in psychoanalytic theory referring to a girl's psychosexual competition with her mother for possession of her father.

Oedipus Complex

A psychoanalytic theory that describes a child's feelings of desire for their opposite-sex parent and jealousy toward their same-sex parent.

Psychoanalytic Theory

A theory of personality organization and the dynamics of personality development that guides psychoanalysis, developed by Sigmund Freud.

Prefrontal Cortex

The front part of the frontal lobe of the brain, involved in decision making, planning, problem-solving, self-control, and moderating social behavior.