Suppose You Are Starting a Ph

question 32

Multiple Choice

Suppose you are starting a Ph.D. program with only $1,000 in your savings account. The university has agreed to waive your tuition, cover all of your living expenses, and pay you an additional stipend of $2,000 at the beginning of each month, as long as you teach one course per semester over the course of five years. If your savings account is able to earn 5.5% per year for the five years that you will be in this program, how much will you have accumulated in your savings account by the end of the program if interest is compounded on a monthly basis?

• A) $136,445.94
• B) $137,708.75
• C) $139, 077.35
• D) $139,708.76

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Definitions:

Dweck's Motivational Theory

Carol Dweck's theory proposing that individuals possess fixed or growth mindsets that significantly influence their learning, effort, and resilience in the face of challenges.

Implicit Theories

Beliefs or assumptions that individuals hold about how certain traits or abilities can change over time; these often guide behavior and interpretations of oneself and others.

Achievement Domains

Relate to specific areas or fields where an individual can accomplish, succeed, or excel, such as academics, sports, or the arts.

S-R Association Theory

A psychological theory suggesting that behavior is a result of the association between stimuli (S) and responses (R) learned through conditioning.