Theron Wants to Save $6,750

question 90

Short Answer

Theron wants to save $6,750. If he has $5,000 and invests it at 5% simple interest, how long will it take him to obtain $6,750?
Round your answer to the nearest year.
__________ years

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Definitions:

Family Therapy

A type of psychological counseling that helps family members improve communication and resolve conflicts.

Operant Conditioning

A learning principle associated with the modification of behavior through the consequences of that behavior, such as rewards and punishments.

Psychoanalysis

A therapeutic technique and theory of psychology developed by Sigmund Freud that emphasizes unconscious motivations and conflicts in shaping behavior and personality.

Individual Therapy

A form of psychotherapy where only one client is treated by a therapist in a structured one-on-one session.