Using the Compound Interest Tables, Answer the Following Questions $\$ 450,000$

question 93

Essay

Using the compound interest tables, answer the following questions.
Required:
-a. How much will be accumulated on January 1, 2018 if $\$ 450,000$ is deposited on January 1, 2014, andinterest is compoumded annually at $10 \%$ ?
b. How much vill be accumulated on December 31,2024 if $\$ 80,000$ is deposited on December 31,2014, and the fumd pays $9 \%$ interest compounded semiancaally?
c. What will he on deposit on January 1, 2019 if $\$ 50,000$ is deposited on January 1, 2014, in a fund that earns I $6 \%$ interest compounded quarterly?

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Definitions:

Temporal Lobe

A region of the brain located at the sides near the temples, important for processing auditory information and encoding memory.

Hippocampus

A major component of the brains of humans and other vertebrates, involved in the consolidation of information from short-term memory to long-term memory and spatial navigation.

Prospective Memory

The aspect of memory that involves remembering to perform a planned action or recall a planned intention at some future point in time.

Context-dependent Memory

Context-dependent memory refers to the improved recall of specific information when the context present at encoding and retrieval of the information is the same.