Refer to the Following Table to Answer the Following Questions

question 152

Multiple Choice

Refer to the following table to answer the following questions:
-What is the value of M1?

• A) $404,000,000
• B) $740,000,000
• C) $906,000,000
• D) $744,000,000
• E) $1,650,000,000

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Definitions:

Compounded Semi-Annually

Interest calculation method where interest is added to the principal balance twice a year, leading to exponential growth of the investment.

Monthly Deposits

Regular payments or contributions made into an account every month.

Quarterly Deposits

Deposits made into an account or investment at regular intervals every three months.

Compounded Semi-Annually

A method of calculating interest in which the accrued interest is added to the principal sum biannually, leading to "interest on interest."