Use This Information to Answer the Following Question

question 6

Multiple Choice

Use this information to answer the following question. What is the present value of receiving $800 at the end of each year for three years,assuming an APR of 7 percent?

• A)$652.80
• B)$1,952.40
• C)$2,099.20
• D)$2,244.00

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Definitions:

Unconditioned Stimulus

In the context of classical conditioning, a stimulus which innately and automatically induces a response without the necessity of prior education.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of rest and with no further conditioning.

Addiction

A chronic, relapsing disorder characterized by compulsive drug seeking, continued use despite harmful consequences, and long-lasting changes in the brain.

Psychological Addiction

A dependency of the mind leading to compulsive engagement in rewarding stimuli despite adverse consequences.