If You Make 30 Semi-Annual Deposits of $2,000 into a Fund

question 51

Multiple Choice

If you make 30 semi-annual deposits of $2,000 into a fund that earns 10% compounded quarterly, how much money will be in the fund two years after the last deposit?

• A) $172,275.22
• B) $171,931.59
• C) $209,481.94
• D) $199,387.93
• E) $163,646.96

Examine how emotions and their management affect personal and professional aspects of life.

Identify characteristics and health implications of Type A, B, D, and hardy personalities.

Understand the relationship between psychological factors and physical health, including how stress and personality types affect susceptibility to illnesses like cancer and heart disease.

Describe the role and components of the immune system in defending against illness.

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Definitions:

Units-of-production Method

A method of depreciation that allocates the cost of an asset based on its usage, production, or units of activity rather than the passage of time.

Passage of Time

Refers to the progression of time and its implications, often related to depreciation, amortization, and other time-sensitive accounting practices.

Ignores Salvage Value

This term refers to the accounting practice where the potential residual value of an asset at the end of its useful life is not considered in depreciation calculations.

Straight-line Method

A method of calculating depreciation by evenly spreading the cost of an asset over its expected useful life.