Mandy How Plans to Buy an Automobile and Can Deposit

question 37

Short Answer

Mandy How plans to buy an automobile and can deposit $3000 toward the purchase today. If the annual interest rate is 8% how much can Mandy expect to have as a down payment in 3 years?

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Definitions:

Withdrawing

The act of pulling back or removing oneself from a particular situation, interaction, or engagement.

Primary Reinforcer

A stimulus that satisfies a basic need or inherently reinforces a behavior, such as food or water.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance, composed of hydrogen and oxygen (H2O), that is the main constituent of Earth's hydrosphere and the fluids of most living organisms.

Grades

Marks or scores assigned to students' work to indicate the quality of their performance, typically on a scale from A to F.