If Phil Has a $100,000 Bond with a 7% Interest

question 36

Multiple Choice

If Phil has a $100,000 bond with a 7% interest rate,compounded annually,how much will he have in 8 years?

• A) $163,452.83
• B) $170,978.42
• C) $149,867.49
• D) $171,818.62

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Definitions:

Homologous

Referring to structures or genes that are similar in different species due to common ancestry, often performing similar functions.

Orthologs

Genes in different species that evolved from a common ancestral gene by speciation, retaining the same function.

Single Nucleotide Polymorphisms

Variations at a single location in the DNA sequence among individuals, which can affect how humans develop diseases and respond to pathogens, chemicals, drugs, etc.

Pathogenic Variants

Genetic alterations that are directly associated with the development of a disease.