Examlex
In 2019, the United States Census Bureau reported the various components of population change as estimated below.
∙ One birth every 8 seconds
∙ One death every 11 seconds
∙ One international migrant (net of immigrants versus emigrants) every 33 seconds
∙ Net gain of one person every 17 seconds
During that year, which of the components was having the second largest effect on population growth?
Semi-Annual Deposits
Deposits made twice a year into a financial account or investment vehicle.
Compounded Quarterly
Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a quarterly basis.
Compounded Semi-Annually
Interest that is computed and added to the principal twice a year, allowing the investment to grow more rapidly.
Future Value
The value of a current asset at a specified date in the future based on an assumed rate of growth.
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