Calculate the Equivalent Periodic Interest Rate Per Payment Interval for the Following

question 226

Multiple Choice

Calculate the equivalent periodic interest rate per payment interval for the following annuity: Semi-annual payments earning 6% compounded monthly.

• A) 5.00000%
• B) 0.83161%
• C) 3.03775%
• D) 2.97233%
• E) 3.08771%

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Definitions:

Premack Principle

A psychological principle suggesting that more probable behaviors will reinforce less probable behaviors.

Law Of Effect

A principle in psychology stating that behaviors followed by pleasant consequences are likely to be repeated, while those followed by unpleasant consequences are less likely to be repeated.

Reinforcement

A stimulus or event that follows a response and increases the likelihood of that response being repeated.

Motivation Level

The intensity and direction of an individual's effort and energy towards achieving a specific goal.