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You Will Receive a Stream of Annual $70 Payments to Begin

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You will receive a stream of annual $70 payments to begin at the end of year 0 until the final payment at the BEGINNING of year 5.What amount will you have at the end of year 5 if you can invest all amounts at an 11% interest rate?


Definitions:

John B. Watson

An American psychologist who is considered one of the founders of behaviorism, emphasizing the study of observable behavior.

Stimulus Generalization

The tendency for the conditioned response to be evoked by stimuli that are similar to the stimulus used during the original conditioning.

Conditioned Fear

A learned response to a previously neutral stimulus that has been repeatedly paired with an aversive stimulus, leading to an anticipatory fear response.

Little Albert

An experiment conducted by John B. Watson and Rosalie Rayner that demonstrated classical conditioning in humans, specifically showing how a child could be conditioned to fear a white rat.

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