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The U.S. Army Corps of Engineers Civil Works Construction Cost Index is a measure of the c...

The U.S. Army Corps of Engineers Civil Works Construction Cost Index is a measure of the cost of building water resources development projects such as dams and reset’ voirs. In 1967, the index was 100.00. In 1990, the index was 398.34 an approximate quadrupling. Using the Rule of 72, estimate the compound annual rate of increase in cost of water resource development projects during this period.

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