Which of the Following Is the Equivalent of $300 Received

question 102

Multiple Choice

Which of the following is the equivalent of $300 received today?

• A)$795.99 to be received 20 years in the future assuming a 5 percent annual interest rate.
• B)$100 to be received two years from now and $200 three years from now.
• C)$300 compounded at 10 percent for one year.
• D)All of these are the equivalent of $300 received today.

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Definitions:

Sickle-cell Anemia

A genetic blood disorder characterized by the production of abnormal hemoglobin, leading to distorted (sickle-shaped) red blood cells, causing chronic pain and other complications.

Allele

One of two or more alternative forms of a gene that arise by mutation and are found at the same place on a chromosome.

Sickle-cell Anemia

A genetic blood disorder caused by the presence of an abnormal form of hemoglobin, leading to misshapen red blood cells.

Frequencies

The rate at which a repeating event occurs, such as the number of cycles of a wave per second in physics or the occurrence of a gene variant within a population in genetics.