Answer:
e) Nan will have more money than Neal at any age.
Explanation:
In compound interest, the interest earned in the year is added to the principal amount at the beginning of the next year. Earned interest becomes part of the principal which makes it earn interest. Adding interest to the principal to earn more interest is known as compounding.
The longer the investment period is, the more time interest will be compounded, and the more the investment will grow. Nan made her investment at age 25. By the time she retires, her investment period will be 35 years. Neil started her investment at age 30. At any given time after they are both age 30, Nan's investment will have earned compounded interest five more times than Neil. Therefore, Nan will have more money at any given time.
The platform which is your<em> best option</em> for creating a digital forum where your followers can interact with you and each other is:
- A) Social networking site
<h3>What is a Social networking site?</h3>
This refers to the use of social media networks to share content with people and also for interactive purposes.
With this in mind, we can see that as a proud owner of Sunnyside Up Cafe, there is a need for interaction with loyal customers which has been built for 15 years, so a social networking site would be best for this.
Read more about social networking here:
brainly.com/question/1297932
Answer:
The correct answer is the responsibility to notify the customers regarding the money deposited or withdrawn by which this could have been prevented if the bank were able to provide the details that the money she had deposited were safely placed on her account and not on someone else’s. So, the answer is c.
Answer:
Loss of $7,000
Explanation:
Cost Price of the Machine
In Germany=€300,000
Exchange Rate on March 1, 2017 was 1.16 US$/€
Cost Price in USA=300,000 X 1.16
=$348000
Selling Price of the Machine
= US$350,000
Amount Paid to the dealer on April 1, 2017 at an Exchange Rate of 1.19 US$/€.
=€300,000X 1.19
=$357,000
Since the Cost Price is greater than the Selling Price,
Loss= C.P - S.P.
Loss =357,000-350000 =$7000.
The dealer made a loss of $7,000.
Answer:
Current SMA balance is $15,000
Explanation:
SMA means special memorandum account, where excess margin recouped from investing the fund in customer's margin account is held.
Since ABC was bought for $10,000, while it's current worth is $20,000
Margin recorded = $20,000 - $10,000
= $10,000
XYZ stock sells short at $10,000, while it's current worth is $5,000
Margin recorded on short sell
=$10,000 - $5,000
=$5,000
SMA current balance
= $10,000 + $5,000
= $15,000
