​Determine the Principal P That Must Be Invested at Interest

question 98

Multiple Choice

​Determine the principal P that must be invested at interest rate r compounded continuously,so that $1,000,000 will be available for retirement in years , Round your answer to the nearest cent. ​

• A) ​$49787.07
• B) ​$50787.07
• C) ​$49000.04
• D) ​$40000.06

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Definitions:

Balanced Polymorphism

A situation in which two or more alleles of a gene persist in a population because the survival advantage or disadvantage of each balances out.

Heterozygote Advantage

The phenomenon where individuals with two different alleles for a particular trait have a greater fitness than those with two identical alleles.

Frequency-Dependent Selection

A process of evolution whereby the success and reproductive viability of a genotype or phenotype is influenced by its commonness or rarity in comparison to other genotypes or phenotypes within the same population.

Genetic Drift

A mechanism of evolution that results in random changes in the allele frequencies of a population, often having a larger effect in small populations.