In the context of the mutual interaction of 'Heredity' and 'Environment' in the process of human development, which equation by Woodworth and perspective of modern developmental psychology presents the most accurate explanation?

Human Development is a continuous process that is jointly influenced by both genetic factors (heredity) and external conditions (environment). According to psychologist R.S. Woodworth, development is neither solely the result of heredity nor solely of the environment, but rather an interactive product of both. This means that heredity provides potential abilities to an individual, while the environment determines the direction and limits of the actualization of those abilities.