In 1522, find the principal needed now to get each amount; that is, find the present value. To get $600 after 2 years at 4% compounded quarterly

Eun-SungChang DevPsych Week2 Lecture3(9/12/17):PrenatalDevelopment *Continuedfromlastlecture ResearchingMethods • SamplingStrategies: o Crosssectionaldesign–yousampleeachchildonce,youmakeconclusionsof groupsfromtheaverageofsamples § Ex.)Youwanttotestchildrenwhenthey’re6yearsoldvs.whenthey’re8 yearsoldàinsteadofwaitingforthe6y/ototurn8y/o,youtakea groupof6yearoldsandagroupof8yearoldsandcollectaveragedata frombothgroups § Pros:quick,easilyaccessible,givesaverageofpopulation §