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Suppose You Invest $10,000 at 7% Interest to Be Withdrawn

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Essay

Suppose you invest $10,000 at 7% interest to be withdrawn by your heirs in 100 years. According to the rule of 70, approximately how much will your heirs be able to withdraw?


Definitions:

Kidney Cell

A type of cell found in the kidney that performs functions such as filtration, reabsorption, secretion, and excretion to regulate body fluids and electrolytes.

Sister Chromatids

The two identical DNA molecules of a duplicated eukaryotic chromosome, attached at the centromere.

Chromosome

A structure that consists of DNA together with associated proteins; carries part or all of a cell’s genetic information.

Genetic Information

The instructions coded in the DNA or RNA that determine the characteristics of an organism.

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