After Getting Her Degree in Marketing and Working for 5

question 86

Multiple Choice

After getting her degree in marketing and working for 5 years for a large department store, Sally started her own specialty shop in a regional mall.Sally's current lease calls for payments of R1,000 at the end of each month for the next 60 months.Now the landlord offers Sally a new 5-year lease which calls for zero rent for 6 months, then rental payments of R1,050 at the end of each month for the next 54 months.Sally's required rate of return is 11 percent.By what absolute rand amount would accepting the new lease change Sally's theoretical net worth? (Hint: The required rate of return per month is 11%/12 = 0.9166667%.)

• A) R2,810.09
• B) R3,243.24
• C) R3,803.06
• D) R4,299.87
• E) R4,681.76

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Definitions:

Inherited Characteristic

A trait or attribute passed down from parent to offspring through the genes.

Monozygotic Twins

Twins that are genetically identical because they were formed from a single fertilized egg that split into two.

Genotype

The genetic constitution of an individual organism, often determining specific characteristics or traits.

Behavioural Geneticists

Scientists who study the role of genetics in influencing human behavior, often through twin and adoption studies.