Many credit unions use semiannual interest periods to pay interest on customer savings accounts. For a credit

Question:

Many credit unions use semiannual interest periods to pay interest on customer savings accounts. For a credit union that uses June 30 and December 31 as its semiannual interest periods, determine the end-of-period amounts that will be recorded for the deposits shown in the table.

Month Deposit, $

Jan ........... 50

Feb .......... 70

Mar .......... —

Apr ..........120

May .......... 20

June.......... —

July ..........150

Aug .......... 90

Sept .......... —

Oct ........... —

Nov .......... 40