Identify the Correct Formula to Calculate the Payment for a Loan,where

question 11

Multiple Choice

Identify the correct formula to calculate the payment for a loan,where rate =6%,loan amount = $2,000,and payments will be made monthly for six years.

• A)=PMT(.06, 6*12, 2000)
• B)=PMT(.06/12, 6*12, -2000)
• C)=PMT(.06, 6*12, -2000)
• D)=PMT(6, 6*12, 2000)

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Definitions:

Classical Conditioning

The act of learning that happens when two stimuli are paired together repeatedly, and a reaction initially caused by the second stimulus starts to be triggered by the first stimulus exclusively.

Discriminative Stimulus

A cue or event that indicates that a particular response will lead to a certain consequence in operant conditioning.

Generalized Stimulus

A stimulus that elicits a response not only to the original stimulus but also to similar stimuli.

Reinforcement

In behavioural psychology, a process by which a stimulus increases the probability of a preceding behaviour being repeated.