At Which Interest Rate Is the Present Value of $196

question 209

Multiple Choice

At which interest rate is the present value of $196.85 three years from today equal to $175 today?

• A)2 percent
• B)4 percent
• C)6 percent
• D)8 percent

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Definitions:

Continuous Reinforcement

A learning schedule in which every correct response is followed by a reward, thus reinforcing the behavior consistently.

Partial Reinforcement

A conditioning schedule where only some responses are reinforced, leading to greater resistance to extinction.

Fixed-Interval Reinforcement

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed, creating a patterned response rate.

Reinforcement Schedule

A rule or plan that dictates how frequently a behavior is reinforced.