If the Current Rate of Interest Is 8%,then the Present

question 64

Multiple Choice

If the current rate of interest is 8%,then the present value of an investment that pays $1000 per year and lasts 20 years is closest to:

• A)$18,519.
• B)$45,761.
• C)$9818.
• D)$20,000.

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus through classical conditioning.

Reinforcement

In behavioral psychology, a procedure or consequence that strengthens behavior or increases the likelihood of its recurrence.

Punishment

A consequence applied with the intention of reducing the occurrence of a certain behavior.

Behavior Occurring

the manifestation or action of a specific behavior in a particular context or environment.