Use the Following Information to Answer the Question(s)below

question 44

Multiple Choice

Use the following information to answer the question(s) below.Consider the following four alternatives:
1.$132 received in two years.
2.$160 received in five years.
3.$200 received in eight years.
4.$220 received in ten years.
-The ranking of the four alternatives from most valuable to least valuable if the interest rate is 6% per year would be:

• A)1,2,3,4.
• B)1,3,2,4.
• C)4,3,1,2.
• D)3,4,2,1.

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Definitions:

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences through study, experience, or teaching.

Retrieval Cue

Stimuli or signals that help in the recall of information stored in long-term memory.

Freshly Baked Bread

Bread that has been recently baked, characterized by its warm temperature and pleasant aroma.

Implicit Memory

A type of long-term memory that doesn't require conscious thought to recall, such as skills we perform automatically after learning them like riding a bike.