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fenix001 [56]
1 year ago
6

What conclusions can you draw about the relationship between interest rates, time, and future sums from the calculations you jus

t did?
Social Studies
1 answer:
Setler [38]1 year ago
5 0

There is a positive relationship between both the interest rate used to compound a present sum and the number of years for which the compounding continues and the future value of that sum.

<h3><u>What is interest rate?</u></h3>
  • The amount a lender charges a borrower is called an interest rate, and it is expressed as a percentage of the principal, or the loaned amount.
  • Typically, a loan's interest rate is expressed as an annual percentage rate, or APR (APR).
  • A savings account or certificate of deposit earnings at a bank or credit union may also be subject to an interest rate (CD).
  • The interest received on these deposit accounts is measured in annual percentage yields (APY).

In essence, interest is a fee assessed to the borrower for the use of a resource. Borrowed assets may include money, merchandise, automobiles, and real estate.

Know more about interest rate with the help of the given link:

brainly.com/question/13324776

#SPJ4

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Explain the impact of rapid population growth on the socio economic development of the society​
Trava [24]

Answer:

Cultural heritages get deteriorated.

Explanation:

Rapid population growth directly hampers socio-economic and environment aspects as well as developmental activities of a society. The five consequences of rapid population growth are: Rapid population growth

5 0
3 years ago
PLEEEEAAAASE HEELLLLLPPP<br> 1. What events led to violence and bloodshed in Kansas?
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Answer:

Violence & Bloodshed (hence the term for the event "Bleeding Kansas") arose when slave-owning & pro-slavery settlers as well as free settlers moved into the territory of Kansas, and both sides fought in a literal all-out war to see if Kansas was to be admitted as a free or slave state. However, Kansas was admitted as a free state to the Union, and was a prologue to what will later become known as the American Civil War, as the uneasy peace and failure to balance powers became the eventual stepping stones towards the South declaring independence.

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3 years ago
Which nation leads the Middle East region in the production and export of oil?
zvonat [6]
D. Saudi Arabia
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7 0
3 years ago
What were some of the reasons teenagers left home to ride the rails?
givi [52]
I get the feeling that there is more to this question, but I will work with what you've provided.

1. To seek adventure
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4 0
3 years ago
One major advantage of a home mortgage over renting a home is that a
slava [35]

Answer:

The correct response of the options given is Option D: It has a steady and stable monthly payment.

Explanation:

A mortgage has advantages over renting a home because it allows you to invest in an asset and accumulate some wealth in the value of the home. It is also predictable in the sense that you can negotiate a fixed-rate mortgage and know what the scheduled payments will be for the life of the mortgage loan. However, you are usually responsible to put down some down payment as an investment upfront, and as a homeowner, you are responsible for the maintenance and repairs whereas renting in most states in the United States, for example, the tenant is not responsible for major repairs to the rental property.

7 0
3 years ago
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