Examlex
Suppose Sandra has difficulty in concentrating while doing her homework. She decides to reward herself for reading 5 minutes without letting her mind wander. After a week of this, she decides to reward herself only when she reads for 10 minutes without distraction. Finally, she is able to concentrate for 15 minutes at a time without distraction. Sandra's ability to improve her study behavior is best considered an example of:
Trust Fund
A legal arrangement where assets are held by a trustee for the benefit of another person or group.
Compounded Monthly
A method of calculating interest in which the interest earned each month is added to the principal, and the following month's interest is calculated on the new total.
Perpetuity
A financial instrument that pays a fixed amount of cash flow indefinitely.
Compounded Annually
Involves the calculation and addition of interest to the principal sum of a loan or deposit once every year.
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