Your Company Must Make Payments of $100,000 Each Year for 10

question 93

Multiple Choice

Your company must make payments of $100,000 each year for 10 years,with the first payment to be made 10 years from today.To prepare for these payments,your company must make 10 equal annual deposits into an account which pays a simple interest rate of 7 percent,daily compounding (360-day year) .Funds will remain in the account during both the accumulation period (the first 10 years) and the distribution period (the last 10 years) ,and the same interest rate will be earned throughout the entire 20 years.The first deposit will be made immediately.How large must each deposit be?

• A) $47,821.11
• B) $49,661.86
• C) $51,234.67
• D) $52,497.33
• E) $53,262.39

Recognize the importance of biotechnologically produced enzymes in medicine.

Evaluate nutritional genetics and approaches to address deficiencies.

Identify the concept and application of transgenes in genetic modification.

Understand the influence of specific DNA sequences on phenotypic traits.

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Definitions:

Axon

The part of the neuron that carries information away from the cell body toward other cells.

Neuron

A distinct type of cell responsible for conveying nerve signals; commonly known as a neuron.

Cell Body

The part of the neuron that contains the nucleus, which directs the manufacture of substances that the neuron needs for growth and maintenance.

Fat Cells

Specialized cells in the body that store energy in the form of fat and play a key role in regulating metabolism.