3 years ago

1) In your own words, explain the difference between simple interest and compound interest.

Business

1 answer:

galben [10]3 years ago

6 0

One interest is simple the other is compound......

You might be interested in

Cheryl bought her home three years ago for $217,000. Assuming her home appreciated at the 3% rate typical of her current market,

Setler79 [48]

Answer:

$237,121.76

Explanation:

Compounding is the computation of the future value of a present amount while the opposite of compounding which is the determination of a present value of a future amount is discounting. the relationship between present and future value is given as

Fv = Pv (1 + r)^n

where

Fv = future value

Pv = Present value

n = time

r = rate

Fv = 217000(1 + 0.03) ^3

= $237,121.76

The worth of the home purchased 3 year ago now is $237,121.76

5 0

3 years ago

Stone Culture Corporation was organized on January 1, 2017. For its first two years of operations, it reported the following:

HACTEHA [7]

Answer:

Statement of retained earnings

For the year ended 2017

Retained earnings, January 1, 2017 $0

Add: Net Income $54,000

Less: Dividends $22,000

Retained earnings, December 31, 2017 $32,000

Statement of retained earnings

For the year ended 2018

Retained earnings, January 1, 2018 $0

Add: Net Income $59,000

Less: Dividends $34,000

Retained earnings, December 31, 2018 $25,000

7 0

3 years ago

which of the following is true of the equilibrium price of a good or service A there is no incentive for the price to change at

lys-0071 [83]

Answer:

B it occurs where the market demand and supply curves intersect.

Explanation:

The equilibrium price is the current market price, as determined by the forces of demand and supply. It reflects the price at which buyers and sellers agree for a specified quantity of a product in a given time.

In a graph containing both the demand and supply curve, the equilibrium price is the two curves' intersection. At this price, there will be excess or short supply in the market.

6 0

3 years ago

For product costs associated with a particular product to be reported on the income statement: Group of answer choices The produ

m_a_m_a [10]

Inventory is important

3 0

3 years ago

Who became the first female ceo of a fortune 500 company?.

kap26 [50]

Answer:

Katharine Graham

Explanation:

Brainliest pls :3

5 0

2 years ago