What Is the Present Value of a Payment of $100

question 7

Multiple Choice

What is the present value of a payment of $100 to be made one year from today if the interest rate is 6 percent?

• A)$105.26
• B)$105.00
• C)$97.24
• D)$94.34

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Definitions:

Exposure Therapy

A psychological treatment method that reduces fear and anxiety responses by gradually and repeatedly exposing individuals to feared objects or situations.

Behavior Modification

The use of operant conditioning techniques to change or replace undesirable behaviors with more desirable ones.

Counterconditioning

A therapy technique used to replace an undesirable response to a stimulus with a desirable one.

Classical Conditioning

The method of learning through repeated association of two stimuli, wherein the first stimulus alone eventually triggers a response that was initially triggered by the second stimulus.