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What Is the Future Value of $800 One Year from Today

question 197

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What is the future value of $800 one year from today if the interest rate is 7 percent?


Definitions:

Systematic Desensitization

A behavioral therapy technique used to reduce phobic responses through gradual exposure to the feared object or situation paired with relaxation exercises.

Free Association

A psychoanalytic technique in which a patient says whatever comes to mind without censorship as a way of uncovering the unconscious mind.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, reinforcing certain behaviors and dissuading others.

Psychodynamic Therapy

A therapeutic approach emphasizing unconscious processes and past experiences affecting current behavior.

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