A Couple Wishes to Save for a Down Payment of $50,000

question 51

Multiple Choice

A couple wishes to save for a down payment of $50,000 on a house.They deposit money at the end of every 3 months for 4 years into a sinking fund to achieve their goal.If the sinking fund earns interest at j₁₂ = 6%,what quarterly deposit does the couple need to make?

• A)$2786.64
• B)$2788.25
• C)$3538.25
• D)$3540.37

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Definitions:

Taste Aversions

The acquired aversion to specific food or beverage due to its connection with a distressing or sickening event.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without any need for learning.

Learned By Association

The process of forming connections between stimuli and responses, typically through conditioning.

Ivan Pavlov

A Russian physiologist known for his work in classical conditioning, demonstrating how stimuli can trigger conditioned responses in dogs.