How Many Years (And Months) Will It Take $1 Million

question 100

Multiple Choice

How many years (and months) will it take $1 million to grow to $3 million with an annual interest rate of 7.5 percent?

• A) 15 years and 2.29 months
• B) 17 years and 5.6 months
• C) 18 years and 3.8 months
• D) 19 years and 2.4 months

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Definitions:

Analgesic Drugs

Medications designed to reduce or eliminate pain without causing unconsciousness.

Behavior Modification

A method aiming to change potentially self-destructive or unhealthy behaviors through techniques such as reinforcement and conditioning.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.