On January 15, 2015, Dolan Corp

question 110

Multiple Choice

On January 15, 2015, Dolan Corp.adopted a plan to accumulate funds for environmental improvements beginning July 1, 2019, at an estimated cost of $8,000,000.Dolan plans to make four equal annual deposits in a fund that will earn interest at 10% compounded annually.The first deposit was made on July 1, 2015.Future value factors are as follows: Dolan should make four annual deposits of

• A)$1,423,236.
• B)$1,565,558.
• C)$1,724,138.
• D)$2,000,000.

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Definitions:

Personality

An individual’s characteristic pattern of thinking, feeling, and acting.

Genes

The biochemical units of heredity that make up the chromosomes; a segment of DNA capable of synthesizing a protein.

Evolutionary Perspective

An approach in psychology that emphasizes the role of natural selection and adaptation in the development of behavior and mental processes.

Cognitive Perspective

A psychological approach that focuses on how people perceive, think about, and mentally organize information about the world around them.