The present value (PV) of $15,254.24 is the most James bennett can consume in his youth.
<u>Given the following data:</u>
- Investment opportunity (youth) = $12,000
- Investment opportunity (old age) = $15,000
To calculate the most James bennett can consume in his youth:
First of all, we would determine the future value of James bennett from his investment and inheritance as follows:

FV = $18000
Mathematically, the most James bennett can consume in his youth is given by this formula:

Substituting the given parameters into the formula, we have;

PV = $15,254.24
Therefore, the present value (PV) of $15,254.24 is the most James bennett can consume in his youth.
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What was realize about the offspring of purple monkey flowers after the analysis of variations of color about monkey flowers is that: The traits expressed did not result from environmental factors.
- Monkey flowers were been analyzed by the scientist, which is a special specie of North American wild flowers.
- These species are usually pollinated through cross pollination by action of bees.
Therefore, we can conclude that traits expressed did not result from environmental factors.
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