What Amount Should Be Deposited in a Bank Today to Grow

question 15

Multiple Choice

What amount should be deposited in a bank today to grow to $3,000 three years from today?

• A)$3,000 ÷ 0.751
• B)$3,000 × 0.909 × 3
• C)($3,000 × 0.909) + ($3,000 × 0.826) + ($3,000 × 0.751)
• D)$3,000 × 0.751

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Definitions:

Desensitization

Desensitization is a psychological process through which an individual is made less likely to feel extreme responses towards a stimulus, often used in the treatment of phobias and anxieties.

Systematic Desensitization

A method in behavioral therapy aimed at decreasing fear and anxiety by slowly introducing the individual to the object or situation that causes their fear.

Overgeneralization

A cognitive distortion where an individual concludes a general rule or pattern from a single event or a small number of events.

Free Association

A psychoanalytic technique where the patient speaks freely about their thoughts, memories, and feelings, revealing the unconscious processes.