Assume That You Want to Accumulate $20,000 as a Down

question 70

Essay

Assume that you want to accumulate $20,000 as a down payment on a home.You believe that you can save $2,000 per semiannual period,and your bank will pay interest of 6% per year,or 3% per semiannual period.How long will it take you to accumulate the desired amount?

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Definitions:

Discrimination

Discrimination is the unfair or prejudicial treatment of people based on characteristics such as race, age, sex, or disability instead of individual merit.

Primary Reinforcer

A stimulus that is naturally rewarding or satisfying, such as food or water, used to encourage specific behaviors in conditioning.

Basic

Fundamental, elementary, or essential in nature, often used to describe core principles or elements.

Biological Need

Fundamental physiological requirements essential for maintaining life, such as food, water, and shelter.