Letha Incurred a $1,600 Prepayment Penalty to a Lending Institution

question 61

True/False

Letha incurred a $1,600 prepayment penalty to a lending institution because she paid off the mortgage on her home early.The $1,600 is deductible as interest expense.

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Definitions:

Primary Reinforcer

A stimulus that satisfies a basic need or instinct, such as food, water, or warmth, and is inherently rewarding.

Fixed-Ratio Schedule

A reinforcement strategy in operant conditioning where a response is rewarded only after a specified number of responses.

Reinforcement

In behavioral psychology, a process by which the likelihood of a behavior's occurrence is increased through the addition of a stimulus following that behavior.

Primary Reinforcer

An innately valuable stimulus, such as food or drink, that satisfies a biological need and reinforces behaviors without prior learning.