You Have a Target of Having $ 5,000 at the End

question 111

Multiple Choice

You have a target of having $ 5,000 at the end of 5 years. If interest rate is at 3% how much would you need to invest today?

• A) $ 4,313.04
• B) $ 4,854.36
• C) $ 4,442.45
• D) Additional information is required to complete the calculation.

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Definitions:

Continuous Reinforcement

A method in behavioral psychology where a desired behavior is reinforced every time it occurs, often used to teach or establish a new behavior.

Fixed Reinforcement

A type of reinforcement schedule where rewards are delivered at consistent and predictable intervals or ratios.

Reinforcement Schedule

Giving out rewards for good behavior at certain intervals.

Fixed-Ratio Reinforcement

A schedule of reinforcement where a response is rewarded only after a specified number of responses, promoting a high and stable response rate.