Rosy wanted to have savings of $100,000 in ten years, so she made equal deposits at the end of every six months into a savings account at 5% compounded semi- annually. If the interest rate offered was 5% compounded daily instead of 5% compounded semi-annually, by how much would the size of her deposits reduce to ensure that she would have the same accumulated amount at the end of ten years?

AppendixLO1