You Received a $5,000 Loan at the End of Each

question 7

Multiple Choice

You received a $5,000 loan at the end of each of your four years of college. Aunt Rose agreed to pay off your loans at the end of your fourth year of school. How much will she have to pay? Assume a 4% interest rate compounded annually on student loans.

• A) $20,000.
• B) $21,235.
• C) $39,930.
• D) $50,000.
• E) None of the answers is correct.

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Definitions:

A-not-B Task

A cognitive task used to assess the understanding of object permanence in infants, where an object is hidden in one location (A) then moved to another (B), and the infant's search behavior is observed.

Piaget

A Swiss psychologist known for his pioneering work in the study of child development and his theory of cognitive development.

Time Before

Refers to the period or moments that precede a particular event or point in time.

Violations-of-Expectations Procedure

An experimental technique used in developmental psychology to assess infants' understanding of physical and social norms by observing their reactions to unexpected events.