Calculate the Combined Future Value at the End of Year

question 157

Essay

Calculate the combined future value at the end of year 3 of $1,000 received at the end of year 1, $3,000 received at the end of year 2, and $5,000 received at the end of year 3, all sums deposited at 5 percent.

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Definitions:

Negative Punisher

A stimulus that, when removed after a behavior, decreases the likelihood of that behavior occurring in the future.

Positive Punishment

The addition of an unpleasant stimulus to decrease the likelihood of a behavior's recurrence.

Negative Punishment

A behavior modification technique where a desirable stimulus is removed following an unwanted behavior, with the aim of decreasing that behavior in the future.

Stimulus Generalization

A psychological phenomenon in which a response to a specific stimulus becomes associated with similar stimuli, leading to the same response to the similar stimuli.