Carol Thomas Will Pay Out $6,000 at the End of the Year

question 83

Multiple Choice

Carol Thomas will pay out $6,000 at the end of the year 2, $8,000 at the end of year 3, and receive $10,000 at the end of year 4. With an interest rate of 13 percent, what is the net value of the payments vs. receipts in today's dollars?

• A) $7,326.
• B) $10,242.
• C) $16,372.
• D) $4,112.

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Definitions:

Transfer Genes

Genes that can be transferred from one organism to another, potentially altering the genetic makeup of the recipient organism.

Genetic Defect

An abnormality in the genome that can lead to diseases or conditions, often inherited and sometimes causing deviations from the typical phenotype.

Novel Functions

Innovative or new roles that objects or ideas can fulfill beyond their original purposes.

Species Diversity

A measurement of the variety of species within a biological community, reflecting both the number of different species and their relative abundance.