Dina Jones Just Learned That She Received an Inheritance from Her

question 77

Multiple Choice

Dina Jones just learned that she received an inheritance from her grandmother.The inheritance provides for Dina to receive $5,000 per year at the end of the year for each of the next 5 years.Assuming a discount rate of 10%, what is the value of this inheritance to Dina today?

• A) $15,523
• B)$20,849
• C)$18,954
• D)$30,526

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Definitions:

Operon

A functioning unit of DNA containing a cluster of genes under the control of a single promoter, found in prokaryotes and some viruses.

Repressible Genes

Genes whose expression can be decreased or halted in response to specific stimuli or conditions, as part of cellular regulatory mechanisms.

Transcribed

The process in which a segment of DNA is copied into RNA by the enzyme RNA polymerase.

End Product

The final product resulting from a process, often after a series of intermediate stages or chemical reactions.