Examlex
Time value concepts may be used to determine
1. the annual growth rate in dividends
2. the amount in an IRA account after ten years
3. the tax owed on a capital gain
External World
Everything that exists outside the mind, including physical objects, events, and other people, as perceived through the senses.
Information Processing Model
A cognitive approach that compares human thinking to computer processing, emphasizing the way information is encoded, stored, and retrieved.
Encoding
The process by which information is transformed into a form that can be stored in memory.
Retrieval
The method of bringing forward and becoming aware of data kept in memory.
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