Compound interest pays interest on the principal and the interest earned in each period.
Option A. is correct.
Define Compound interest.Compound interest is a type of interest that pays interest on both the principal or the interest earned over time.
Because compound interest is paid on both the principal or the interest gained in each period, it is frequently preferable to simple interest.
So, option A. is correct.
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Interest on the principal and the interest earned in each period is the reason of Compound interest is usually better than simple interest. Hence, option A is correct.
What is simple interest?Simple interest is the simple way of calculating of the interest of the loan or anything. The daily interest rate, the principle, and the number of days between payments are multiplied to calculate simple interest.
The formula of simple interest is SI = P × R × T, where P = Principal, R = Rate of Interest, and T = Time period.
Thus, option A is correct.
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Martha has $10,000 saved and wants to attend a college with a current tuition of $10,000 a year. She will graduate from high school in five years. Roughly how much more will Martha need to save for one-year’s tuition to account for an annual rate of inflation of 3%?
$1,590.00
$1,255.00
$300.00
$3,000.00
Answer:
$1,590.00
Explanation:
Martha has $10,000 saved one. She will join college after 5 years.
Tuition for one year is $10,000. Inflation rate is 3%
The applicable formula is A = P ( 1+ r) ^n
Where A = amount after 5 years
P= principal amount $10,000
r= interest rate 3% of 0.03
n = 5 years
A= $10,000( 1+ 0.03) ^5
A = $10,000 ( 1.03)^5
A= $10,000 x 1.159
A= 11,590.00
Marthe already has $10,000. She will need 11,590.00 - $10,000 more
=$1,590.00
Think of a successful business and research the founding of that business. What successes could you learn about from that business?
Answer:
Explanation:
There are many successful businesses that have risen from nothing. One business that stands out was the website X which is now known as Paypal. Looking at this business and many other successful ones I have learned that making a business successful relies on two main factors. Whether or not your product/service solves a real-life problem, and if you have your correct target audience. Getting both of these two factors correct almost guarantees that your business will be a success assuming you put in the effort.
An income statement reports information over a period of time, indicating the financial progress of a business in earning a net income or net loss. (PG 182)
Answer:
True
Explanation:
An income statement is among the three important financial statements that a business prepares at the end of every financial year. It is divided into three main sections of revenues, expenses, and income.
The revenue section lists all sources of revenues and any adjustments to obtain the net revenue. The expenses section shows all business expenses and their total. The income section is the difference between revenue and expenses. A positive income means the made profits, while a negative income indicates losses.
What is the most financially dangerous way to pay for college?
A.Scholarships
B.Cash
C.Credit cards
D.Federal students loans
Answer:
I think it would be credit card
Explanation:
I don't know if I'm correct though
Credit cards is the most financially dangerous way to pay for college. Fees and interest charges are possible. person will be legally obligated to repay debt.
What is one reason why credit cards can be dangerous?Using credit cards and not paying them off on a monthly basis can harm credit. Aside from the high interest rate, the major disadvantages of using credit.
When a person don't have the cash to pay it off later include damaging credit, straining relationships with family and friends, and, ultimately, bankruptcy.
Thus, option C is correct.
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the act of an insurance company publishing misleading information about its policy provisions is called
Answer:
The right response is "False advertising". A further explanation is given below.
Explanation:
False advertising refers to just about every documented argument but rather television advertising which always benefits customers an inaccurate view as well as believing of the prospective customer. Regrettably, several other organizations have decided to appreciate the value of having appeared to receive just one substantial discount and perhaps another opportunity to encourage people to purchase, with really no intention of agreeing.Explain how insurance companies use statistics.
Answer:
Statistics is used to determine what risk an insured poses to an insurance company, what percentage of policies is likely to pay out, and how much money a company can expect to pay out in claims
What kind of network might you have at home?
A.
LAN
B.
WAN
C.
Wireless
D.
Intranet
Answer:
d
Explanation:
intranet
D intranet
I know this because I am very smart
Explain why we cannot calculate a country's Gross National Income (GNI) simply by adding up the output of all
businesses in the country. Give appropriate reasons for your answers.
Answer: See explanation
Explanation:
Gross national income (GNI), is simply refered to as the amount of money that the people and businesses of a particular country earns for the year. It is calculated as the addition of the gross domestic product (GDP) of w country plus the net income from abroad.
We cannot calculate a country's Gross National Income (GNI) simply by adding up the output of all businesses in the country because it will not take into consideration what other citizens of the country that are in other country does and this ultimately will result in a wrongful value of the GNI gotten.
Total expenditures for coffee reached a maximum at a price of $5 per lb. At this price the demand for coffee is
Answer:
" Unitary elastic" would be the correct approach.
Explanation:
Whenever the overall spending would be at the optimal energy, the production is component elastic, since the amount spent was hardly starting to fall as well as neither increasing. And therefore it is wonderfully sensitive to changement in price, and that's why the government spending is optimum as well as the quantity supplied would be unit elastic.Total expenditure then becomes the upper limit for unit quantity demanded besides coffee.
In the ________, the perfectly competitive firm will react to losses by __________________________ .
Answer:
Lon run, Increasing it's Production
Explanation:
I majored in Business
Okay, Daily Question!
My friend is telling her crush she likes him and she wanted me to come up with a ship-name? I made some suggestions but she didn't like any of them and she gave me a deadline of 3:00 to give her a 'good' one. Here are the names:
Nate/Nathan + Addy/Addison
Have any ideas?
Explanation:
Naddison
NA
Natson
Naddy
Explain how growing personal income is related to economic conditions.
Answer:
see below
Explanation:
Personal income is the total earning an individual gets from wages, investments, bonuses, dividends, profits, or other ventures. It is the sum of a household income. Personal income is calculated per period, usually one year.
Economic conditions refer to the prevailing state of a country or region's economy. Economic conditions are ever-changing and are influenced by business cycles of expansions and contraction, government fiscal and monetary policies, macroeconomic factors, and global factors. Governments and investor use indicators to tell the state of the economy
Economic conditions impact people's and business income. Government policies and global economics influence the level of economic activities. The expansion period has increased economic activities are leading to increased incomes. At contraction, business activities decline, resulting in reduced income.
__________ utility is the benefit marketing provides by allowing the consumer to own, use, and enjoy the product.
Answer:
Possession
Explanation:
POSESSION UTILITY can be defined as the type of Utility in which a person derived a value for owning a product reason been that POSSESSION UTILITY give such person who purchased a product the right to own the product by enabling such person to possess the ownership of the product and to use the product . Example a person who purchased a car bought it for the purpose of driving it around which means that such person has the POSSESSION UTILITY to own the car , drive the car and enjoy the car thereby deriving a value for owning the car .
The situation that allows the broker to appoint one or more agents for the client within the same firm, is called
Answer:
Designated agency.
Explanation:
These form of professionals are seen to be run professional duties in several contracting agencies where they are assigned to. This can be seen in real estate, marketing firms, culinery agencies etc. But the above case discuss about brokers. And here this contracting firm is seen to a certain number of workers to a particular firm. In many cases, these agencies do these in a bid to circumvent the conflict of interest inherent in dual agency.
A building was constructed in August 1999 for $2,340,000. The cost index at that time was 192.3. The current cost index is 302.1. What is the indicated cost new of the building today
Answer:
$3,676,100
Explanation:
in base year dollars, the building costed $2,340,000 / 1.923 = $1,216,849
if today's cost index is 3.021, then it should cost $1,216,849 x 3.021 = $3,676,100 to build the same building.
The cost index is used to adjust inflation, since costs tend to increase a little every year, you need some type of index to compare costs over different periods of time.