Assuming an Interest Rate of 10%, If You Invest a Lump

question 175

Multiple Choice

Assuming an interest rate of 10%, if you invest a lump sum of $5,000 now, the balance of your investment in 7 years will be closest to

• A)$12,970.
• B)$9,745.
• C)$23,340.
• D)$35,000.

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Definitions:

Evolutionary Change

The process through which species undergo modification and diversification over generations due to genetic variation and natural selection.

Natural Selection

The process where organisms better adapted to their environment tend to survive and produce more offspring, a fundamental concept in evolutionary biology.

Diploid

A cell or organism that has two sets of chromosomes, one from each parent, typical of most adult organisms.

Alleles

Different forms of a gene that can exist at a specific locus on a chromosome, contributing to the genetic diversity of organisms.