Explain the Difference Between and Cladistics and Phenetics

question 72

Essay

Explain the difference between and cladistics and phenetics. What are some problems associated with each? How might the Law of Parsimony apply?

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Definitions:

Required Rate

The minimum return or interest rate a lender demands or an investor expects to receive from an investment.

Simple Interest

Interest calculated only on the initial amount of a loan or principal, not on the interest previously earned.

Payments

Amounts of money that are paid or due to be paid as part of a contractual agreement or obligation.

Personal Line

A personal line of credit, a type of unsecured loan that provides a borrower access to a set amount of money which they can borrow from as needed.