Examlex
The price of a certain commodity in dollars/unit at time (measured in weeks) is given by
What is the average price of the commodity over the 7-week period from to
?
Round the answer to the nearest cent.
Compounded Semi-annually
The calculation of interest on the initial investment plus any accumulated interest from previous periods, done twice a year.
Retirement Fund
A pool of funds accumulated during an individual's working life, intended to provide financial security upon retirement.
Invest
To allocate money in the expectation of some benefit in the future, such as income or profit.
Compounded Semi-annually
A method where interest is calculated and added to the principal twice a year.
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