Sabrina Deposits $300

question 89

Essay

Sabrina deposits $300.00 into a savings account at the end of each month for five years. If the accumulated value of the deposits is $20 000.00 and interest is compounded semi-annually, calculate the nominal rate of interest

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Definitions:

Behaviorism

A psychological perspective focusing on observable behaviors and the ways they're learned, rather than on internal mental processes.

John B. Watson

An American psychologist who is considered one of the founders of behaviorism; he emphasized the importance of observable behaviors over internal processes.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior.

Voluntary Responses

Actions that are performed deliberately and with awareness, typically as a result of conscious decision making.