On October 1, Spencer Worthington loaned $2,000 to an old friend from the army. The note securing the loan was non-interest-bearing and was for only 30 days. On October 10, Spencer sold the note to a local finance company which discounted it at 12%. Use a 365-day year to find the missing information on the loan.
Definitions:
Multiple Baseline Design
An experimental design in which the effect of the intervention is demonstrated by showing that behaviors change only after the intervention is introduced, and this change is replicated across different contexts, times, or subjects.
Treatment
A condition or intervention applied to subjects in an experiment to investigate its effects.
Behavior Change
The modification of human behaviors, which can be influenced by various psychological and environmental factors.
Reward
Benefits, either tangible or intangible, given to reinforce positive behavior or to achieve a desired outcome.
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