Find the Proceeds of a Six-Month Note for $966 Dated

question 30

Essay

Find the proceeds of a six-month note for $966 dated September 16, 2012, with interest at 5.45% if money is worth 5.75% on November 4, 2012.

---

Definitions:

Top-Down

Top-down refers to cognitive processes guided by higher-level mental processes, as when we construct perceptions drawing from our experience and expectations.

Explicit Learning

A form of learning that involves conscious awareness in the acquisition of knowledge or skills, characterized by deliberate efforts to gain specific information.

Pavlov's Classical

A theory of learning that describes the conditioning process through which behaviors are associated with environmental stimuli.

Thorndike's Instrumental

A learning principle proposed by Edward Thorndike, emphasizing that behaviors followed by satisfying consequences are more likely to recur, whereas those followed by unpleasant consequences are less likely.