James Offers You $1,000 Today or $X in 7 Years

question 5

Multiple Choice

James offers you $1,000 today or $X in 7 years.If the interest rate is 4.5 percent,then you would prefer to take the $1,000 today if and only if

• A)X < 1,045.00.
• B)X < 1,188.89.
• C)X < 1,266.67.
• D)X < 1,360.86.

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Definitions:

Citric Acid Cycle

A key metabolic pathway that occurs in the mitochondria, involving a series of chemical reactions used by all aerobic organisms to generate energy through the oxidation of acetate.

NADH

Nicotinamide adenine dinucleotide (reduced form), a coenzyme found in all living cells that plays a critical role in energy production through cellular respiration.

Citric Acid Cycle

A series of chemical reactions used by all aerobic organisms to generate energy through the oxidation of acetate derived from carbohydrates, fats, and proteins into carbon dioxide.

Glucose

serves as a primary source of energy in most organisms, critical for cellular respiration and metabolic processes.