If the Future Value of an Ordinary, 4-Year Annuity Is

question 47

Multiple Choice

If the future value of an ordinary, 4-year annuity is $1,000 and interest rates are 6 percent, what is the future value of the same annuity due?

• A) $943.40
• B) $1,000.00
• C) $1,040.00
• D) $1,060.00

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Definitions:

Classical Conditioning

Classical conditioning is a learning process in which an innate response to a potent stimulus becomes triggered by a previously neutral stimulus.

Negative Reinforcement

A process in behavioral psychology where the removal of an undesirable stimulus strengthens a behavior.

Partial Reinforcement

A conditioning schedule in which a reward is not given every time the desired response is made, enhancing resistance to extinction of the behavior.

Successive Approximations

A process in behaviorism where behaviors are broken down into small, achievable steps towards a final goal, often used in learning and conditioning.