What Is the Present Value (PV)of $1 Million Received 100

question 25

Multiple Choice

What is the present value (PV) of $1 million received 100 years from now,assuming the interest rate is 5% per year?

• A)$10,000
• B)$7,604
• C)$9,524
• D)$11,114
• E)$112

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Definitions:

Phenotype

An individual’s observable traits.

Directional Selection

A mode of natural selection where individuals with traits on one end of the spectrum are more likely to survive and reproduce, causing a shift in the population's genetic makeup.

Tree-Dwelling Frog

Amphibians that spend a significant portion of their lives in trees, exhibiting adaptations such as suction cup-like toe pads to aid in climbing.

Heritable Characteristic

A trait that can be passed from parents to their offspring through genes.