If We Are to Receive $1,000,000 in 20 Years' Time

question 65

True/False

If we are to receive $1,000,000 in 20 years' time, and the 20- year interest rate is 6.5%, then the present value is $283,797.

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Definitions:

Stimulus Generalization

A process in classical conditioning by which a response that originally occurs to a specific stimulus also occurs to different, but similar, stimuli.

Conditioned to Fear

The process by which individuals learn to fear certain objects, people, or situations due to previous experiences of association with negative outcomes.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a pause.

Learned Response

A response that has been acquired through conditioning or learning, as opposed to being innate.