How Much Must You Invest Today at 10% Interest in Order

question 101

Multiple Choice

How much must you invest today at 10% interest in order to see your investment grow to $5,000 in 3 years?

• A) $3,050
• B) $3,555
• C) $7,105
• D) $3,755

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Definitions:

Higher Goals

These are ambitious objectives that go beyond immediate or basic needs, focusing on larger, aspirational targets.

Delayed Reinforcement

A scenario in which a reward does not immediately follow the desired action, which can affect the strength and persistence of learning.

Partial Reinforcement

A conditioning method where a response is only occasionally rewarded, leading to more resilience in the learned behavior.

Continuous Reinforcement

A learning principle where every instance of a desired behavior is reinforced, leading to rapid acquisition of the behavior.