The Present Value of $100 to Be Received 10 Years

question 5

Multiple Choice

The present value of $100 to be received 10 years from today, assuming an opportunity cost of 9 percent, is ________.

• A) $699
• B) $75
• C) $236
• D) $42

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Definitions:

Recombinant DNA Technology

A genetic engineering technique that involves joining DNA from different organisms to produce new genetic combinations.

Genetic Engineering

Manipulation of genes, often through recombinant DNA technology. Also called molecular modification.

Genomic Library

A collection of the total genomic DNA from a single organism. The DNA is stored in a population of identical vectors, each containing a different insert of DNA.

Antibiotic-Resistant

Describes bacteria that have evolved the ability to survive exposure to antibiotics, making infections harder to treat.