Studies of Achievement Have Shown That Externals

question 30

Multiple Choice

Studies of achievement have shown that externals

• A)perform better on academic tests than internals in elementary school.
• B)get better grades than internals in college.
• C)receive lower scores on achievement tests in high school.
• D)all of these

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Definitions:

Effective Annual Rate

The actual return on an investment or the real rate of interest on a loan, taking into account the effect of compounding over a period.

Amortized Loan

An amortized loan is a loan where the principal is paid down over the life of the loan, typically through equal payments.

Present Value

The equivalent value today of cash flows or a sum of money anticipated in the future, using a predetermined return rate.

Annuity

A financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees.