What Is the Present Value Today of $150 That Will

question 131

Multiple Choice

What is the present value today of $150 that will be received in four years from now if the discount rate is 12%?

• A)$76.03
• B)$95.33
• C)$116.90
• D)$105.60
• E)$83.39

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Definitions:

Operant Conditioning

An instructional technique where behavior modification is achieved through the application of rewards or sanctions.

Primary Reinforcement

A type of reinforcement that involves using innate, biological needs such as food, water, and warmth as rewards.

Skinnerian Conditioning

A form of learning in which behavior is modified by its consequences; reinforcement or punishment modifies the likelihood of a behavior's recurring.

Classical Conditioning

A training process where a response initially caused by a second stimulus is eventually provoked by the first stimulus, due to the continuous pairing of the two stimuli.