How Many Years Will It Take $2,000 Invested at the End

question 36

Multiple Choice

How many years will it take $2,000 invested at the end of each year to become $91,524 at a rate of return of 8%?

• A)1
• B)5
• C)10
• D)20
• E)30

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Definitions:

Confirmation Bias

Confirmation bias is the tendency to search for, interpret, and recall information in a way that confirms one’s preexisting beliefs or hypotheses.

Transference

In psychotherapy, the process by which patients project feelings about important people in their lives onto the therapist.

Systematic Desensitization

A therapeutic method aimed at assisting individuals in overcoming fears and anxiety disorders by progressively exposing them to the object or situation they fear in a regulated way.

Eclectic Approach

A therapeutic approach that incorporates a variety of therapeutic principles and philosophies to create the ideal treatment program to meet the specific needs of the patient.