The Solution to This Problem Requires Time Value of Money

question 49

Multiple Choice

The solution to this problem requires time value of money calculations. Reference to Tables 9-1 through 9-4 in the text is necessary to complete the calculations. The total amount of interest compounded quarterly on a $1,500 note payable for 1 year at 12% is

• A) $180.00
• B) $187.50
• C) $ 45.00
• D) $189.00

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Definitions:

Negative Reinforcement

A process in operant conditioning where a response is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.

Primary Reinforcement

An activity whose reinforcing properties are innate.

Positive Reinforcement

An event whose occurrence increases the frequency of the behavior that precedes it.

Conditioning Contrast

A phenomenon in classical and operant conditioning where the strength of a conditioned response changes when the reinforcement or punishment is changed in amount or type.