If the Annual Interest Rate Is Currently 3

question 95

Multiple Choice

If the annual interest rate is currently 3.5%,Joan is ________ a $1000 payment in exactly two years.

• A)better off accepting $930 right now than
• B)better off accepting $950 right now than
• C)worse off accepting $940 right now than
• D)indifferent between accepting $932.51 right now and
• E)indifferent between accepting $935.94 right now and

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Definitions:

Contingent Reinforcement

A reinforcement strategy in which a reward or punishment is given only after the desired behavior is demonstrated.

Discrimination Learning

A process in learning theory where an individual learns to respond differently to various stimuli because they have been reinforced for doing so.

Modeling

A learning technique based on observing and imitating the behavior of others, often used in therapy and behavior modification programs.

Prompting

In behavioral psychology, it involves giving cues or hints to facilitate the desired response from an individual.