Given a 7% Interest Rate, Compute the Year 8 Future

question 91

Multiple Choice

Given a 7% interest rate, compute the year 8 future value of deposits made in years 1, 2, 3, and 4 of $750, $1,200, $500, and $250.

• A) $3,801.62
• B) $3,899.17
• C) $4,034.20
• D) $4,167.29

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Definitions:

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences through experience or instruction.

Generalization

In operant conditioning, the tendency to make the learned response to a stimulus similar to that for which the response was originally reinforced.

Unconditioned Stimulus

An unconditioned stimulus is a stimulus that naturally triggers a response without the need for prior learning.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually comes to trigger a conditioned response.