If the Lease Payment for the Machine in Question 53

question 41

Multiple Choice

If the lease payment for the machine in Question 53 were made in advance, starting at the beginning of the first year of the contract, what would the size of such a payment now be as an equivalent annual cost?

• A)$71,455
• B)$14,644
• C)$15,533
• D)$15,816

---

Definitions:

Pavlovian Conditioning

Learning achieved when a neutral stimulus (such as a tone) comes to elicit a response after its repeated pairing with some event (such as delivery of food); also called classical conditioning or respondent conditioning.

Tone Stimulus

A sound stimulus with a consistent pitch and duration, used in various auditory tests and experiments.

Salivation

The production and release of saliva from the salivary glands in the mouth, often in response to the sight, smell, or taste of food.

Pavlovian Conditioning

A type of learning in which a neutral stimulus comes to elicit a response after being associated with a stimulus that naturally produces that response.