Marco needs $175,000 six years from today. How much should Marco deposit today into an investment account that provides a 12% annual return in order to accomplish his goals?
A. $89,523
B. $88,660
C. $85,487
D. $62,500
Answer: B
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On July 7, 2014, Lawrence Company sold some machinery to Johnson Construction Company. The sales contract requires Johnson to pay five equal annual payments of $75,000 each, beginning on July 7, 2014. What present value concept is most appropriate for this situation?
A. present value of an annuity due of $1 for five periods B. present value of an ordinary annuity of $1 for five periods C. future value of an annuity of $1 for five periods D. future value of $1 for five periods
Identify whether the slope is positive, negative, zero, or undefined.
A. Zero B. Positive C. Undefined D. Negative
Mei Lin learned at a young age that developing good study habits, such as doing her homework, brought about good grades and made her want to work harder in school. What is this kind of encouraging outcome of an action called?
A. development B. classical conditioning C. reinforcement D. social-cognition
Ralph watches other kindergarten students receive stickers from the teacher for sitting at their desks and completing their work. Soon, Ralph begins to behave like the other kindergarten students. What type of learning process is Ralph utilizing?
A. modeling B. reinforcement C. extinction D. schematizing