Suppose That an Annoying Co-Worker Is Always Trying to Get

question 180

Multiple Choice

Suppose that an annoying co-worker is always trying to get you involved in office athletic activities - bowling teams, softball teams, corporate Olympics, even fantasy football leagues and March Madness betting pools. Research on the panic button effect suggests that you would be less troubled by this person if ____.

• A) you thought about how much worse the situation could be
• B) you thought about the fact that the coworker is just trying to be nice
• C) you felt that you could simply tell the person to stop if you wanted to
• D) you felt that, if you wanted to get involved in recreational athletics, this person would probably be a good way to start

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Definitions:

Perpetuity

A type of annuity that pays a fixed amount of money indefinitely, with no end date.

Interest Rates

The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal.

Nominal Rate

The interest rate set by the lending institution, not adjusted for inflation, representing the actual yearly cost of funds over the term of a loan.

Compounding Period

The period of time after which interest is credited to the depositor’s account for purposes of computing subsequent interest.