Answer:
Compound interest pays interest on the principal and the interest
Explanation:
Compound interest is preferred because it calculates interest on the principal amount and the accrued interest. In compounding interest, the interest earned in the period is added to the principal to become the new principal amount. Interest earned at the end of every year will higher than the previous period as the principal amount increases at the beginning of a period.
Interest earned by the compound interest method grows much faster compared to the fixed-rate interest method. Investors wishing to have better returns from their savings will prefer the compound interest method.
Answer: Keep them safe in a deposit box
Explanation:
Since Tammy is going on a 2-week vacation overseas and she is planning on taking two credit cards, the thing to do with the other credit cards while she is gone is to keep them safe in a deposit box.
There's no need for him to cancel the cards. Also, the cards are not stolen and should not be reported stolen and he shouldn't give them to someone else in order to prevent fraud. He should keep the cards safely till he comes back.
"The rule of 70" refers to a significant relationship between the percentage growth rate and its doubling time:Simply divide the number 70 by the percentage growth rate to estimate the doubling time for a constant growing quantity.
How is the time it takes for a nation's population to double?
To sort out what amount of time it would require for a populace to twofold at a solitary pace of development, we can utilize a straightforward recipe known as the Standard of 70.Simply divide 70 by the annual growth rate to determine the doubling time in years.
The number of years required for a nation's economy to double in size is equal to 70 divided by the percent growth rate. For instance, if an economy expands by 1% annually, it will take 70 / 1 = 70 years for the economy to double in size.
Learn more about growth rate here:
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Answer:
Net cash used by investing activities -$16,000
Explanation:
The computation of the amount of net cash provided or used by investing activities is shown below:
Equipment purchase for cash -$66,000
Proceeds from the sale of equipment $50,000
Net cash used by investing activities -$16,000
The purchase is a cash outflow so it is in negative sign while the sale is cash inflow so it is to be shown in a positive sign
