You Invest $10,000 in an Investment Earning 10

question 117

Multiple Choice

You invest $10,000 in an investment earning 10.57% interest compounded annually.You also withdraw $200 per year.How many years will it take to double your initial investment to $20,000?

• A)5 years
• B)6 years
• C)7 years
• D)8 years

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Definitions:

Phobic Behaviors

Actions or reactions that are excessively fearful or aversive towards specific objects or situations, often resulting in avoidance.

Bandura

Bandura refers to Albert Bandura, a psychologist best known for his work on social learning theory and the concept of self-efficacy.

Ellis

Refers to Albert Ellis, an American psychologist who developed Rational Emotive Behavior Therapy (REBT), a precursor to cognitive behavioral therapy.

Aversive Conditioning

A psychological process of learning involving the use of unpleasant stimuli to stop or change unwanted behaviors.