You Just Won $30,000 and Deposited Your Winnings into an Account

question 62

Multiple Choice

You just won $30,000 and deposited your winnings into an account that pays 3.9 percent interest,compounded annually.How long will you have to wait until your winnings are worth $75,000?

• A)21.24 years
• B)25.00 years
• C)22.29 years
• D)22.67 years
• E)23.95 years

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Definitions:

Unpleasant Events

Occurrences or situations that cause discomfort, distress, or unhappiness.

Behaviour Repeated

The act of performing the same action or behavior multiple times, which can lead to habit formation or learning.

Stimulus Generalization

The tendency for the conditioned response to be evoked by stimuli that are similar to the stimulus that was initially conditioned.

Marketers

Professionals engaged in promoting and selling products or services, including market research and advertising.