Solve the Problem

question 14

Short Answer

Solve the problem. Round to the nearest cent as needed.
-How many months will it take until an account will have $3,500 if $2,500 is invested now at 5% compounded
monthly?

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Definitions:

Positive Reinforcement

Positive reinforcement strengthens a behavior by making a desirable consequence contingent on its occurrence.

Successive Approximations

A technique in behavior modification where desired behaviors are gradually learned through a series of steps that get closer to the target behavior.

Positive Reinforcement

A method of encouraging desired behavior by rewarding it, thus increasing the likelihood of the behavior being repeated.

OB Mod

Organizational Behavior Modification, a theory that focuses on influencing individual or group behaviors within an organization through a system of rewards and punishments.