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David has purchased an investment that he expects to produce an annual cash flow of $3,000 for five years. He requires an 8% rate of return compounded annually. What is the maximum amount that David can pay and still earn the required rate of return?
Operant Avoidance Learning
A learning process in which the subject acquires a behavior to prevent or avoid an unpleasant stimulus.
Discriminative Stimulus
A stimulus in the environment that signals the availability of reinforcement or punishment, guiding behavior accordingly.
Negative Reinforcement
A behavior modification technique that involves the removal of an unpleasant stimulus after a desired behavior is exhibited, making the behavior more likely to happen in the future.
Punishment
A consequence that decreases the likelihood of a behavior being repeated.
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