The Present Value of $475 Received 3 Years in the Future

question 282

Multiple Choice

The present value of $475 received 3 years in the future would be calculated as which of the following when the interest rate is 6 percent?

• A)475/(1.6)³
• B)475/(1.06)⁵
• C)475 × 1.6 × 3
• D)3.06/475

Comprehend techniques developed to eliminate fears through conditioning principles.

Understand the concept of habituation and its effects on behavior over time.

Recognize the impact of sensitization on behavioral responses and its difference from habituation.

Differentiate between higher-order conditioning and other learning processes.

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Definitions:

Simple Main Effect of Age

The specific impact of age on a dependent variable in a study that involves multiple independent variables, analyzed at levels of other interacting factors.

Type of Job

Refers to the category or nature of one's occupation or employment, often characterized by the industry, role, and responsibilities associated with the position.

Gender

Refers to the social, cultural, and psychological traits typically associated with one sex.

Age

The length of time that a person or object has existed, typically measured in years from the date of birth or creation.