Which of the Following Statements Is Correct

question 95

Multiple Choice

Which of the following statements is correct?

• A) A 15-year mortgage will have larger monthly payments than a 30-year mortgage.
• B) If an account earns 3 percent per year compounded annually, then it also has an effective annual rate (EAR) of 3 percent.
• C) The present value of a $500 perpetuity is greater if the interest rate is higher.
• D) The first, second, and third statements above are correct.
• E) Only the first and second, statements above are correct.

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Definitions:

Stimulus

Anything that can prompt a physiological or psychological response or reaction in an organism.

Bayley-III

The third edition of the Bayley Scales of Infant and Toddler Development, a comprehensive tool for assessing developmental functioning in young children.

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A concept in developmental psychology referring to an infant's ability to remember an object exists even when it is not visible.

Bayley-III

The third edition of the Bayley Scales of Infant and Toddler Development, a standard series of measurements used to assess the development of children up to 3 years of age.