Assuming an Interest Rate of 6%,the Present Value of $18,000

question 178

Multiple Choice

Assuming an interest rate of 6%,the present value of $18,000 received at the end of each year for 6 years would be closest to

• A)$88,506.
• B)$11,970.
• C)$108,000.
• D)$125,550.

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Definitions:

Variable Ratio

refers to a schedule of reinforcement where a response is reinforced after an unpredictable number of responses, making it a powerful maintainers of behavior in operant conditioning.

Fixed Interval

A schedule of reinforcement where a response is rewarded only after a specified amount of time has elapsed.

Variable Interval

A schedule of reinforcement where a response is rewarded after a varying interval of time, making the timing of the reward unpredictable.

Variable-ratio

A schedule of reinforcement where a response is reinforced after an unpredictable number of responses, leading to high and steady rates of response.