You Are Saving Money to Buy a Car

question 3

Multiple Choice

You are saving money to buy a car. If you save $300 per month starting one month from now at an interest rate of 4%, how much will you be able to spend on the car after saving for 4 years?

• A)$15 587.88
• B)$41 778.96
• C)$15 287.27
• D)$13 286.65

---

Definitions:

Snake Phobia

An intense, irrational fear of snakes, often leading to avoidance behavior.

Positively Reinforcing

Providing a favorable or desirable outcome following a behavior, which increases the likelihood of that behavior being repeated.

Internal Representational Systems

The mental processes involved in how individuals perceive, represent, and store information from the world around them.

Efficacy

The ability to produce a desired or intended result; often used in the context of individual capabilities or the effectiveness of interventions.