Nirav recently opened a savings account offering 2% annual compound interest, this means that Nirav will earn the same amount of interest each year for four years.
<h3>What is a saving account?</h3>
An account at a retail bank is formally called as a savings account. This is a type of account that person granted a person that his money is safe in a particular bank. Refer to the image below for the complete question.
The given case tells about that <u>what would be the impact</u> of savings account offering 2% annual compound interest on Nirav, then he will earn the same amount of interest compounded each year for four years.
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This principle gives idea that an exact amount of money
today has different buying power than the same amount of money in the future. This
is because of both the opportunity to earn interest on the money and because
the drive inflation will prices up. The two Best illustrate their saving habits
are the length of time money is invested matters and the rate of return matters.
Answer:
Production orientation
Explanation:
When a company engages in production orientation it means that they are producing what they believe their customers will purchase simply because they are offering it. The company does not care about their customers' needs and preferences, and simply believes that because they are good at producing a certain type of product that was successful in the past, it will continue to be successful and its customers will remain loyal to them. This philosophy was very popular during the industrial revolution where companies produced what they could hoping that there would be enough customers to buy their production regardless of what it was.
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The answer is <span>B. The XYZ company will be responsible for manufacturing all the glass needed to build the cars. </span>
if Logan received a $2,500 bonus and his mps is 0.20, his consumption rises by $2,000 and his savings rises by $500