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Sophie [7]
2 years ago
8

How is compound interest different from simple interest?

Business
1 answer:
hammer [34]2 years ago
4 0

Answer: How is compound interest different from simple interest?

Explanation:  Simple interest is interest payment is calculated on only the principal amount; whereas compound interest is interest calculated on both the principal amount and all the previously accumulated interest.  

You welcome

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Suppose the following transactions occur during the current year:_______.
wel

Answer: See explanation

Explanation:

a. Consumption = $670 + (30 × $75)

= $670 + $2250.

= $2920

Consumption is $2920

b. Investment = 0

c. Government Purchases = 0

d. Imports = Amount spent on foreign good = 30 × $75 = $2250

e. Exports = Amount of local goods sold to other countries = $100 × $45 = $4500

f. Net Exports = Export - Import

= $4500 - $2250.

= $2250

g. Gross Domestic Product (GDP)

= C + I + G + (X - M)

= 2920 + 0 + 0 + (2250)

= $2920 + $2250.

= $5170

5 0
2 years ago
Jamir's new job is 25 miles away from his home. What is the most important thing he needs to consider before agrees to a lease?
maks197457 [2]

The most important thing he needs to consider before agrees to a lease is “Will he drive more than 15,000 miles per year?”

This consideration will help Jamir figure the expenses of his travel to the workplace, if the expenses and time it takes to cover the distance is more than he can afford he has another option of renting or leasing a place near his workplace which can be more convenient.  


7 0
4 years ago
Read 2 more answers
A professional office center is purchased for $475,000. The land value is 20% of the total acquisition cost. What is the annual
Vika [28.1K]

Answer:

$9,744

Explanation:

In the case of the annual  IRS depreciation deduction, the time period for each category assets are different. Like for commercial real estate, the time period is 39 years, for residential real estate, it would be 27.5 years.

The computation is shown below:

= (Purchase value of professional office center × remaining percentage) ÷ (applicable time period)

= ($475,000 × 80%) ÷ (39 years)

= ($380,000) ÷ (39 years)

= $9,744

3 0
3 years ago
The demand curve faced by a nondiscriminating pure monopoly is _____.
seraphim [82]

Answer: The same as the industry's demand curve

Explanation:

 The demand curve faced by a non discriminating pure monopoly is same as the industry demand curve as, the monopoly facing the demand curve of the industry in the form of the downward sloping demand curve so that the monopolist increased its output demand. A non discriminating monopolist determined the demand curved and ultimately determined the price which are willing for pay.  

7 0
3 years ago
How have powerful economic interests captured state power and fashioned economic trade policy to further their interests through
solmaris [256]

The answer happens to be such an answer

5 0
3 years ago
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