What Is the Present Value of $575 in a One

question 160

Multiple Choice

What is the present value of $575 in a one year if the current rate of interest is 4 percent?

• A)$410.71
• B)$552.88
• C)$598
• D)$805

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Definitions:

Sensitization

An increased reaction to a stimulus following repeated exposure, often used in the context of drug tolerance or allergic reactions.

Behavioral Contrast

A phenomenon observed in behavioral psychology where a change in conditions leads to an opposite change in the individual's response rate, evident in both positive and negative reinforcements.

Higher-order Conditioning

A form of classical conditioning in which a stimulus is first made meaningful or significant through its association with another conditioned stimulus rather than with an unconditioned stimulus.

Sensitization

An increased reaction to a stimulus following repeated exposure to it, often leading to heightened sensitivity to related stimuli.