Sally Wants to Accumulate $11,500

question 48

Multiple Choice

Sally wants to accumulate $11,500.She makes deposits of $500 at the end of every 6 months in a fund earning interest at j₂ = 5%.It turns out that after making 18 deposits,she is still short of her goal by $306.83.What is the size of the smaller concluding deposit (drop payment) needed 6 months later in order for her to reach (or exceed) her goal of $11,500?

• A)$27.00
• B)$185.50
• C)$314.50
• D)No deposit is needed 6 months later

Understand the impact of state-dependent learning on memory recall.

Comprehend the encoding and storing processes of material in long-term memory.

Recognize the effectiveness of distributed practice over massed practice for learning.

Appreciate the significance of active engagement with material for memory retention.

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Definitions:

Intellectual Functioning

Refers to the general mental capacity, including reasoning, problem-solving, planning, abstract thinking, judgment, academic learning, and learning from experience.

Down Syndrome

A genetic disorder caused by the presence of an extra chromosome 21, leading to developmental and intellectual delays.

Intellectual Disability

Intellectual disability involves limitations in intellectual functioning and adaptive behavior, impacting everyday social and practical skills.

Socioeconomic Status

An individual's or family's economic and social position in relation to others, based on income, education, and occupation.