Answer:
False
Explanation:
Apart from simple interest, compound interest can be used for single payments
the formula for compound interest is : future value - present value
The formula for calculating future value:
FV = P (1 + r)^n
FV = Future value
P = Present value
R = interest rate
N = number of years
The formula for simple interest : amount x time x interest rate
Assume that 1000 is to be received in 2 years at the interest rate of 10%
Simple interest = 1000 x 2 x 0.1 = 200
Compound interest
1000 x (1.1)^2 = 1210
1210 = 1000 = 210
Answer:
The correct answer is: non-bank public increases its holdings of currency outside the banking system.
Explanation:
A currency drain refers to the situation where there is an increase in currency held outside the banking system. When the public holds more money outside the banking system, it reduces the total reserves of the banks. The excess reserves get reduced as well.
The currency gets drained from the banking system, so banks can create less money. This causes a reduction in the money supply.
Answer:
child care
Explanation:
FSA is a special account you put money into that you use to pay for certain out-of-pocket health care costs
Answer:
d. disband permanently or take a temporary break.
Explanation:
Adjournment stage is the fifth and last stage of group development. The group wraps up work and is disbanded. At this stage team members celebrate their successes and get closure in preparation for the next project.
Team members may feel low motivation and a sense of loss because of bonds they had formed. Some people refer to this stage as the mourning stage, and team members need to celebrate their achievements to boost moral.
The penalty in that case was just around $4 million.
$4 mil/$43 mil = .093 %
