What Is the Size of Semi-Annual Deposits That Will Accumulate

question 26

Essay

What is the size of semi-annual deposits that will accumulate to $113 200.00 after 9.5 years at 6.5% compounded semi-annually?

---

Definitions:

Reversibility

In cognitive development, the understanding that objects can be changed and then returned to their original condition or state.

Moral Development

The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, rules, and laws.

Pre-Conventional

A stage in Kohlberg's theory of moral development where moral understanding is based on rewards and punishments.

Conventional

Adhering to accepted standards and practices; typical or traditional in nature.