Find the Present Value of an Annuity of $1,800, at the End

question 16

Multiple Choice

Find the present value of an annuity of $1,800, at the end of each quarter for 8 years after being deferred for 6 years, if the money is worth an annual rate of 8.8% compounded quarterly. Round your answer to the nearest cent. ​

• A)$31,608.45
• B)$27,739.45
• C)$19,744.32
• D)$24,344.03
• E)$14,269.91

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Definitions:

Partial Reinforcement

A conditioning schedule where only some responses are reinforced, leading to more resistant behaviors to extinction.

Delayed Reinforcer

A reward that does not immediately follow an action but is delayed for a certain time.

Primary Reinforcer

A stimulus that satisfies a basic biological need and is inherently rewarding.

Variable-ratio Schedule

A reinforcement schedule where a response is rewarded after an unpredictable number of responses, commonly used in behavior analysis.