1949, Sycamore, ilinois built a hospital for about $s,000, In 1987, the county restored the courthouse for about $2.4 million. A price index for onresidential construction was 14 in 1949, 92 in 1987, and 1145 in 2000. According to these numbers, the hospital cost about DA $3.6 million in 2000 dollars, which is less than the cost of the courthouse restoration in 2000 dollars. OB. $3.6 million in 2000 dollars, which is more than the cost of the courthouse restoration in 2000 dollars. OC $4.1 million in 2000 dollars, which is less than the cost of the courthouse restoration in 2000 dollars. D. $4.1 million in 2000 dollars, which is more than the cost of the courthouse restoration in 2000 dollars.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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In 1949, Sycamore, Illinois built a hospital for about $500,000, In 1987, the county restored the courthouse for about $2.4 million, A price index for
nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2000. According to these numbers, the hospital cost about
OA $3.6 million in 2000 dollars, which is less than the cost of the courthouse restoration in 2000 dollars.
O B. $3.6 million in 2000 dollars, which is more than the cost of the courthouse restoration in 2000 dollars.
OC. $4,1 million in 2000 dollars, which is less than the cost of the courthouse restoration in 2000 dollars.
O D. $4.1 million in 2000 dollars, which is more than the cost of the courthouse restoration in 2000 dollars.
Transcribed Image Text:In 1949, Sycamore, Illinois built a hospital for about $500,000, In 1987, the county restored the courthouse for about $2.4 million, A price index for nonresidential construction was 14 in 1949, 92 in 1987, and 114.5 in 2000. According to these numbers, the hospital cost about OA $3.6 million in 2000 dollars, which is less than the cost of the courthouse restoration in 2000 dollars. O B. $3.6 million in 2000 dollars, which is more than the cost of the courthouse restoration in 2000 dollars. OC. $4,1 million in 2000 dollars, which is less than the cost of the courthouse restoration in 2000 dollars. O D. $4.1 million in 2000 dollars, which is more than the cost of the courthouse restoration in 2000 dollars.
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