Answer: A. A savings account
Explanation:
Hi, a savings account is a type of bank account that allows you to deposit money and earn interests for your deposits.
There are different interest rates offered, depending on the bank chosen.
Money kept in a savings account isn’t quite as accessible as cash kept in a checking account.
Feel free to ask for more if needed or if you did not understand something.
Answer: Compound interest pays interest on the principal and the interest earned in each period.
Explanation:edge 2020
Based on the retained earnings for the four years, the average dividend payment per year was $700.
<h3 /><h3>What was the average amount of dividends?</h3>
This can be found as:
= Dividend payment for four years / 4 years
Dividend payment for four years:
= Net income - retained earnings
= (6,000 + 4,000 + 7,000 - 3,000) - 8,400
= $5,600
Average dividends:
= 5,600 / 4
= $1,400
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Find out more on dividend payments at brainly.com/question/25845157.
