Find the Present Value of a Payment of $50 Four

question 2

Short Answer

Find the present value of a payment of $50 four years from now if the relevant interest rate is 6%.

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Definitions:

Allele

A variation that makes a gene different in some way from other genes for the same characteristics. Many genes never vary; others have several possible alleles.

Gene

A unit of heredity made up of DNA that is located on a chromosome and can influence physical or behavioral traits, and can be passed from one generation to the next.

Chromosome

Structures within cells that contain DNA and carry genetic information responsible for determining the traits of an organism.