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What Is the Net Present Value of an Investment, and How

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What is the net present value of an investment, and how do you calculate it?


Definitions:

Immediate Reinforcement

The prompt delivery of a reward or consequence following a behavior, which strengthens the likelihood of that behavior occurring again.

Continuous Reinforcement

A reinforcement strategy where a desired behavior is rewarded every time it occurs, leading to quicker learning of that behavior.

Negative Reinforcement

A behavioral concept where the removal of an undesirable or negative outcome following a behavior increases the likelihood of that behavior being repeated in the future.

Partial Reinforcement Strategy

A conditioning strategy where rewards or consequences are not given every time the desired behavior is performed, making the behavior more resistant to extinction.

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