Solve the Problem. -Cindy Will Require $18,000 in 2 Years to Return to to Return

question 165

Multiple Choice

Solve the problem.
-Cindy will require $18,000 in 2 years to return to college to get an MBA degree. How much money should she ask her parents for now so that, if she invests it at 11% compounded continuously, she will have
Enough for school? (Round your answer to the nearest dollar.)

• A)$14,445
• B)$14,609
• C)$22,429
• D)$11,593

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Definitions:

Germ Cell

Immature reproductive cell; gives rise to haploid gametes when it divides.

Chromosome Number

The total count of chromosomes present in the nucleus of a cell, which varies across different species and is crucial for genetics.

Human Cells

The basic structural, functional, and biological units of the human body, essential for all life processes.

Meiosis

A type of cell division that reduces the chromosomal number by half, leading to the production of gametes in sexually reproducing organisms.