(Ignore Income Taxes in This Problem

question 14

Multiple Choice

(Ignore income taxes in this problem.) If you wanted to withdraw $12,000 from a bank account at the end of each of the next 20 years, approximately how much would you have to invest in the account today assuming a 6% interest rate?

• A) $20,924
• B) $38,462
• C) $74,880
• D) $137,604

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Definitions:

Variable-ratio

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

Fixed-ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, often used in behavior analysis.

Biological Predisposed

An inherent inclination or natural tendency for individuals to exhibit certain behaviors or characteristics due to genetic factors.

Aversive Events

Incidents or stimuli that are unpleasant or noxious, leading to avoidance behavior.