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Ralph Has Been Using a Drug on a Regular Basis

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Ralph has been using a drug on a regular basis for several years.He has now developed damaged nasal membranes,a host of respiratory problems and cardiovascular disease.It is most likely that Ralph is a chronic user of

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Definitions:

Appreciated

Refers to an increase in the value of an asset over time.

Compounded Semiannually

Interest calculated twice per year, with the first period's interest being added to the principal before the second period's interest is calculated.

Strip Bond

A financial instrument obtained by separating the coupons from the principal of a bond, which then sells each part as a zero-coupon bond.

Semi-Annually Compounded

Pertaining to the interest calculation method where the interest is compounded and added to the principal amount twice a year.

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