Suppose You Win the Lottery and One of Your Payment

question 54

Multiple Choice

Suppose you win the lottery and one of your payment options is to receive $20,000 today,$20,000 one year from now,and $20,000 two years from now.If the interest rate is 5%,what is the present value of this option?

• A)$51,830.26
• B)$54,464.96
• C)$57,188.21
• D)$58,237.71

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Definitions:

Genetic Code

Complete set of sixty-four mRNA codons.

mRNA Codons

Triplets of nucleotides in messenger RNA that specify the addition of a specific amino acid or the termination of translation.

Cytoplasm

Semifluid substance enclosed by a cell’s plasma membrane.

Bacteria

Singular bacterium. The most diverse and well-known group of prokaryotes.