A Man Estimates That the Computer He Plans to Buy

question 49

Multiple Choice

A man estimates that the computer he plans to buy in 15 months will cost $2,400.To meet this goal, how much should he deposit in an account paying 9.6%, compounded monthly?

• A)$2,099.63
• B)$2,109.63
• C)$2,129.63
• D)$2,133.63
• E)none of the above

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Definitions:

Thought Processes

The mental operations involved in the perception, understanding, and manipulation of information.

Influence Behavior

Altering or guiding an individual's actions or conduct through external stimuli, persuasion, or modeling.

Behaviorism

Study of the impact of reinforcements and punishments on behavior.

Reinforcement

In behavioral psychology, a consequence applied that will strengthen an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.