The construction contract between ECC and Northwest Resorts is for $24.5 million. Is this the ‘cost,’ ‘value,’ ‘price,’ or ‘worth’?

The construction contract between ECC and Northwest Resorts is for $24.5 million. Is this the ‘cost,’ ‘value,’ ‘price,’ or ‘worth’? Note: it could be more than one of these choices. Why does the combination of seven years and 10% not equal 200 in the simple interest Table 17.3?


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