Explain the Importance of Dating Fossils for Paleoanthropology

question 45

Essay

Explain the importance of dating fossils for paleoanthropology. Why are dates and methods for dating so important for the sub-discipline?

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Definitions:

Present Value Factor

A multiplier used to determine the present value of a future cash flow, taking into account a specific discount rate.

Annuity

An investment vehicle providing a constant flow of payments to the owner, usually utilised as a source of income for retired people.

Net Cash Flow

The variance between the cash coming into and going out of a business within a set timeframe.

Compound Interest

The calculation of interest on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.