Which One of the Following Is the Correct Formula for the Current

question 63

Multiple Choice

Which one of the following is the correct formula for the current value of $600 invested today at 5 percent interest for 6 years?

• A)PV = $600/ [(1 + .06) × 5]
• B)PV = $600/ [(1 +.05) × 6]
• C)PV = $600/ (.06 × 5)
• D)PV = $600 / (1 + .05)⁶
• E)PV = $600 / (1 + .06)⁵

Recognize the requirements to invoke the implied warranty of merchantability and fitness for a particular purpose.

Understand the court's interpretations and applications of warranties in specific legal cases.

Learn about the importance and mechanisms of warranty disclaimers and requirements for their enforceability.

Understand the concept and distinctions of different types of warranties in commercial transactions.

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Definitions:

Shaping

A method used in behavioral psychology to gradually guide someone towards a desired behavior by reinforcing successive approximations of the target behavior.

Operant Conditioning

An approach to modifying behavior strength through the implementation of positive or negative feedback.

Extinction

In psychology, the gradual weakening and eventual disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Reinforcement

In behavior psychology, a consequence that will strengthen an organism's future behavior whenever that behavior is preceded by a specific antecedent stimulus.