Your Aunt Is About to Retire,and She Wants to Sell

question 55

Multiple Choice

Your aunt is about to retire,and she wants to sell some of her stock and buy an annuity that will provide her with income of $78,000 per year for 30 years,beginning a year from today.The going rate on such annuities is 7.25%.How much would it cost her to buy such an annuity today?

• A) $774,150.27
• B) $802,472.84
• C) $1,104,580.26
• D) $944,085.69
• E) $821,354.55

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Definitions:

XIST Gene

A gene that is crucial for X-chromosome inactivation, a process that occurs in females to prevent the overexpression of X-linked genes.

Barr Body

A Barr Body is an inactivated X chromosome found in the cell nuclei of female mammals, visible as a dense mass.

Lac Operon

A group of genes with a single promoter that are involved in the transport and metabolism of lactose in bacteria and regulated together.

Escherichia Coli

A species of bacteria found in the intestines of animals and humans; some strains can cause food poisoning.