Many People Will Do Something They Don't Expect to Enjoy

question 6

Short Answer

Many people will do something they don't expect to enjoy (such as attend a game during miserable weather)because they don't want to waste the money they already spent.This tendency is called the ____ ____ effect​

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Definitions:

Months

Units of time, approximately 1/12th of a year, used in calendars to segment time.

Maturity Value

The total amount that will be paid to the investor at the end of a fixed-income investment's life.

Months

Units of time, each roughly equivalent to one twelfth of a year, used in planning and organizing.

Rate Of Interest

The percentage of the principal that will be charged for a particular period of time, normally one year.