Chin Woo Bought a Home for $160,000

question 37

Multiple Choice

Chin Woo bought a home for $160,000. He put down 20%. The mortgage is at 8 1/2% for 25 years. Using the formula or financial calculator, his yearly payments are:

• A) $1,238.00
• B) $12,507.10
• C) $12,830.61
• D) $12,380.61
• E) None of these

---

Definitions:

Respondent Behavior

A reaction to a stimulus in the environment that is learned through classical conditioning.

Operant Behavior

Behavior that is influenced by the consequences that follow it, with rewards typically increasing and punishments decreasing the likelihood of the behavior's recurrence.

Cognitive Processes

The mental activities involved in acquiring, processing, and storing knowledge, including perception, memory, and reasoning.

Biological Constraints

Limitations on learning that result from the biological makeup of an organism, influencing the ease or difficulty of learning new behaviors.