Wilhelmina Has Just Received an Inheritance of $50,000, and She

question 149

Multiple Choice

Wilhelmina has just received an inheritance of $50,000, and she would like to put it into an investment portfolio for 8 years. She believes she can earn 4% on the investment. What will the value of the investment be at the end of 8 years?
$\begin{array}{|l|l|l|l|l|l|l|}\hline \text {Future}\\\text {Value of}\\\$ 1\\ \hline &4\%&5\%&6\%&7\%&8\%&9\%\\ \hline 1 & 1.040 & 1.050 & 1.069 & 1.070 & 1.08 & 1.090 \\\hline 2 & 1.082 & 1.103 & 1.124 & 1.145 & 1.166 & 1.188 \\\hline 3 & 1.125 & 1.158 & 1.191 & 1.225 & 1.260 & 1.295 \\\hline 4 & 1.170 & 1.216 & 1.269 & 1.311 & 1.369 & 1.412 \\\hline 5 & 1.217 & 1.276 & 1.338 & 1.40 & 1.469 & 1.539 \\\hline 6 & 1.265 & 1.340 & 1.419 & 1.501 & 1.587 & 1.677 \\\hline 7 & 1.316 & 1.407 & 1.504 & 1.606 & 1.714 & 1.828 \\\hline 8 & 1.369 & 1.477 & 1.594 & 1.719 & 1.851 & 1.993 \\\hline 9 & 1.423 & 1.551 & 1.689 & 1.839 & 1.999 & 2.172 \\\hline 10 & 1.480 & 1.629 & 1.791 & 1.967 & 2.159 & 2.367 \\\hline \end{array}$

• A) $62,400
• B) $59,670
• C) $68,450
• D) $69,220

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments to influence behavior.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Temperament

Refers to the inherent part of an individual's personality and character affecting their behavior and reactions.

Biological Functions

The processes and activities carried out by living organisms to maintain life, including growth, reproduction, and response to stimuli.