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Present-day plant life has a carbon-14 decay rate of 16 disintegrations per minute (dpm) per gram of carbon. If a contemporary wooden chair were preserved for the next 3900 years, what 14C decay rate should be expected from the wood used to make the chair? (t1/2 = 5730 yr)
Lump Sum
A one-time payment made for a particular purpose, rather than recurring payments over time.
Future Value
The amount of money an investment is expected to grow to over a period of time when interest or dividends are reinvested.
Straight-Line Depreciation
A method of allocating the cost of a tangible asset over its useful life in equal annual amounts.
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