Ten Years from Now,you Will Be Inheriting $100,000

question 10

Multiple Choice

Ten years from now,you will be inheriting $100,000.What is this inheritance worth to you today if you can earn 5.5 percent interest,compounded annually?

• A)$58,543.06
• B)$63,215.46
• C)$72,419.05
• D)$72,798.47
• E)$74,003.15

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Definitions:

Habituation

The psychological process through which an individual becomes accustomed to a stimulus and hence reacts less strongly over time.

Stimulus

Any external event or circumstance that provokes a sensory or behavioral response in an organism.

Operant Conditioning

Learning in which changes in behavior are shaped by the consequences of that behavior, thereby giving rise to new and more complete behaviors.

Phonemes

The smallest unit of sound in a language that can distinguish one word from another.