You Are to Receive $75 Per Year Indefinitely

question 68

Multiple Choice

You are to receive $75 per year indefinitely. The market rate of interest for these types of payments is 8%. The price you would pay for this stream is:

• A) $9.38
• B) $81.00
• C) $93.75
• D) $937.50

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Definitions:

DNA Polymerase

An enzyme that catalyzes the synthesis of DNA strands from deoxyribonucleotides, using an existing DNA strand as a template.

Gene Therapy

A medical technique that modifies or manipulates genes in an individual's cells to treat or prevent disease.

Allergic

Pertaining to or suffering from allergies, a condition where the immune system reacts abnormally to a foreign substance.

Mutating

The process of undergoing changes in the genetic sequence, leading to variations in the genetic makeup of organisms.