Jarrod Says That the Future Value of $250 Saved for One

question 40

Multiple Choice

Jarrod says that the future value of $250 saved for one year at 6 percent interest is less than the future value of $250 saved for two years at 3 percent interest.Simon says that the present value of a $250 payment to be received in one year when the interest rate is 6 percent is less than the value of a $250 payment to be received in two years when the interest rate is 3 percent.

• A)Jarrod and Simon are both correct.
• B)Jarrod and Simon are both incorrect.
• C)Only Jarrod is correct.
• D)Only Simon is correct.

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Definitions:

Selection Differential

Selection differential is a measure of the strength of phenotypic selection. The selection differential describes the difference between the mean of the reproducing members of the population that contribute offspring to the next generation and the mean of all members of a population.

Quantitative Trait

A measurable phenotype that varies among individuals over a given range to produce a continuous distribution of a phenotype. Quantitative traits are sometimes called complex traits; they’re also sometimes called polygenic traits because their variation can be attributed to polygenic effects (that is, the cumulative action of many genes).

Heritability

The proportion of variation in a trait among individuals that can be attributed to genetic differences.

Heritability

The proportion of observed variation in a particular trait that can be attributed to inherited genetic factors in a population.