Determine whether the following statement is true or false.
To say the interest earned by a savings account is compounded semi-annually means that equal amounts of money are deposited twice during the year.
False
True

The statement is **false**.

Here's why:

To say that the interest earned by a savings account is compounded semi-annually means that the interest is calculated and added to the account balance twice a year (every six months). It does **not** mean that equal amounts of money are deposited twice during the year. 

Compounding semi-annually refers to the frequency with which the interest is applied to the principal, not the frequency of deposits.

Would you like more details or have any questions? 

Here are 5 related questions to expand on this topic:

1. What is the difference between simple and compound interest?
2. How does the frequency of compounding affect the total interest earned?
3. What does "compounded quarterly" mean in terms of interest calculation?
4. How would you calculate the future value of an investment with semi-annual compounding?
5. What are some examples of compounding periods used in savings accounts?

**Tip:** Remember that the frequency of compounding directly impacts the amount of interest earned over time.

Explore the concept of semi-annual compounding in savings accounts. Learn why the statement about equal deposits is false and how compounding frequency affects interest. Suitable for high school students and anyone interested in financial mathematics.

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