Matthew Wants to Take Out a Loan to Buy a Car.He

question 53

Multiple Choice

Matthew wants to take out a loan to buy a car.He calculates that he can make repayments of $4000 per year.If he can get a five-year loan with an interest rate of 7.5%,what is the maximum price he can pay for the car?

• A)$16,184
• B)$18,243
• C)$20,324
• D)$21,674

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Definitions:

Conditioned Stimulus

A formerly indifferent cue that, through association with an unconditioned stimulus, comes to provoke a conditioned response.

Stimulus Generalisation

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

Stimulus Discrimination

The ability to differentiate between two or more distinct stimuli, responding only to the specific stimulus conditioned.

Classroom Conditioning

The process of using behavioral psychology principles to encourage learning and desirable behavior within a classroom setting.