Ralph Bogita Saves $50

question 42

Essay

Ralph Bogita saves $50.00 at the end of each month and deposits the money in an account, paying 3.00% compounded semi-annually.
a) How much will she accumulate in 20 years?
b) How much of the accumulated amount is interest?

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Definitions:

Personality Types

Categorizations of different patterns of behavior, thought, and emotion that define an individual's personal style and influence their interactions with others.

Evidence

Information or signs that are used to determine whether beliefs or propositions are true or valid, particularly within the framework of forming a solid foundation for a scientific hypothesis or legal case.

Radical Addition

A type of chemical reaction where free radicals add to double or triple bonds in unsaturated substrates to form more stable radicals.

Regioselectivity

The preference of one direction of chemical bond making or breaking over all other possible directions, often observed in chemical reactions.