What Semi-Annual Payment Must Be Made into a Fund at the Beginning

question 96

Essay

What semi-annual payment must be made into a fund at the beginning of every six months to accumulate to $4800.00 in ten years at 7% compounded semi-annually?

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Definitions:

Misery Loves Company

A saying that suggests people who are unhappy may get some consolation from knowing others are unhappy too.

Fight-Or-Flight Theory

A physiological theory that explains how animals and humans respond to threat or danger with a primary physiological reaction to either fight or flee.

Tend-And-Befriend Theory

A stress response theory proposing that, under stress, individuals (particularly women) are predisposed to nurturing activities and seeking social support.

Needs For Affiliation

The psychological desire to belong to or be associated with groups or to have positive relationships with others.