Compound Interest Describes Increases in Value When Interest Is Paid

question 52

Multiple Choice

Compound interest describes increases in value when interest is paid, or compounded, on

• A) only the original amount invested.
• B) only the previously accumulated interest payments.
• C) the original amount invested and previously accumulated interest payments.
• D) the original amount invested minus any previously accumulated interest payments.

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Definitions:

Behaviorism

Behaviorism is a scientific approach to psychology that focuses on observable behaviors and dismisses mental activities that cannot be directly observed.

John B. Watson

An American psychologist who established the psychological school of behaviorism, emphasizing the study of observable behavior over the study of the mind.

B. F. Skinner

A renowned American psychologist best known for his work in developing the theory of behaviorism and operant conditioning.

The Animal Mind

The study of the mental processes and behaviors of non-human animals.