What Are the Three Factors Needed to Determine the Present

question 93

Essay

What are the three factors needed to determine the present value of any future amount?

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Definitions:

Quizzes

Short assessments used to measure knowledge, skills, or abilities in a specific area or subject.

Variable Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, used in operant conditioning to modify behavior.

Reinforcement

In behavioral psychology, a process that increases the likelihood of a behavior being repeated, usually by providing a reward.

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A method of exchanging digital messages over the Internet between people using electronic devices.