The Present Value of $20 000 to Be Received in 1

question 56

True/False

The present value of $20 000 to be received in 1 month at a simple interest rate of 10% per annum is $19 834.71.

---

Definitions:

Specified Number

A particular or exact number that has been identified or stated.

Fixed-interval

A timing-based reinforcement plan where rewards are provided following the first response once a set timeframe concludes.

Variable-interval

An unpredictable reinforcement schedule that provides rewards after an unspecified time period following a response.

Intermittent Reinforcement

Intermittent Reinforcement is a conditioning schedule in which rewards or consequences are given only some of the time, creating strong and persistent responses.