After 12 ½ Years Contributions of $750 at the End

question 89

Multiple Choice

After 12 ½ years contributions of $750 at the end of each semi-annual period has accumulated into $24,510.47. If interest rate is compounded semi-annually, determine the effective annual rate of the investment.

• A) 8.08%
• B) 8.62%
• C) 9.08%
• D) 9.58%
• E) 10.08%

Understand the specifications for mailing and formatting in U.S. business practices.

Understand the different documentation styles used in academic and professional writing.

Recognize the purposes and formats of various citation elements such as superscripts, content notes, and bibliographies.

Differentiate between the American Psychological Association (APA) and Modern Language Association (MLA) styles.

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Definitions:

Relative Cost

An assessment of cost in relation to another item's cost, providing a basis for comparison and decision-making.

Goods

Items that are manufactured or produced for sale, trade, or personal use.

Height

The measurement of someone or something from base to top or (in human contexts) from head to foot.

Reading Scores

Scores that quantify the ability or proficiency of an individual in reading; often used in educational settings.