The Future Value of a Deposit in a Savings Account

question 26

Multiple Choice

The future value of a deposit in a savings account will be smaller

• A)the longer a person waits to withdraw the funds.
• B)the lower the interest rate is.
• C)the larger the initial deposit is.
• D)All of the above are correct.

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Definitions:

Genetic Lottery

A metaphorical expression referring to the random and uncontrollable nature of genetic inheritance from parents to offspring.

Conceived

Thought of or formed an idea; in biological terms, refers to the moment a sperm fertilizes an egg leading to pregnancy.

Zygote

This is the earliest cell that comes into existence once an egg cell is fertilized by a sperm cell, marking the initial stage in the development of an embryo.

Mitosis

A process of cell division that results in two genetically identical daughter cells, involved in growth, development, and tissue repair.