Suppose You Borrowed $12,000 at a Rate of 9% and Must

question 108

Multiple Choice

Suppose you borrowed $12,000 at a rate of 9% and must repay it in 4 equal installments at the end of each of the next 4 years.How much would your payments be?

• A)$3,704.02
• B)$3,889.23
• C)$4,083.69
• D)$4,287.87

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Definitions:

Positive Reinforcement

In behaviorism, a process by which the likelihood of a specific behavior is increased through the use of a reward following the desired behavior.

Empirical

Empirical refers to information acquired by observation or experimentation, basing knowledge on empirical evidence is foundational in science.

Sociohistorical Context

Sociohistorical context refers to how societal and historical factors influence and shape behaviors, events, and perceptions.

Classical Conditioning

Gaining knowledge through the connections made between an environmental cue and a stimulus that naturally exists.