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4 years ago

Why is utilizing compound interest a powerful savings strategy?

1 answer:

3 0

When you’re younger, it’s not so much about the type of investments you hold but more about just diligently saving. “Mutual funds or stocks? It just doesn’t matter much at this stage,” says certified financial planner Janet Gray. “Simply having a savings account means you’re in the game.”

That’s because at the beginning, your savings will be the key way of growing your money. “So don’t focus on being an investment expert early on,” says investment manager Dan Bortolotti. “Focus on frugal living and adding even small amounts, like an extra $50 or more a month, to your savings. That goes a long way over time so be patient and focus on savings.” In these early years, just celebrate the fact that you actually have money and are growing your wealth in a disciplined way. “You’re ahead of a lot of people,” says Gray.

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PLEASE HELP log (5x – 10) = log (6 – 5x)

Bond [772]

Answer: look at the picture

Step-by-step explanation: Hope this help :D, Can I have a Brainliest I really needed it please

7 0

3 years ago

To help consumers assess the risks they are taking, the Food and Drug Administration (FDA) publishes the amount of nicotine foun

QveST [7]

Answer:

We conclude that the mean nicotine content is less than 31.7 milligrams for this brand of cigarette.

Step-by-step explanation:

We are given the following in the question:

Population mean, μ = 31.7 milligrams

Sample mean, $\bar{x}$ = 28.5 milligrams

Sample size, n = 9

Alpha, α = 0.05

Sample standard deviation, s = 2.8 milligrams

First, we design the null and the alternate hypothesis

$H_{0}: \mu = 31.7\text{ milligrams}\\H_A: \mu < 31.7\text{ milligrams}$

We use One-tailed t test to perform this hypothesis.

Formula:

$t_{stat} = \displaystyle\frac{\bar{x} - \mu}{\frac{s}{\sqrt{n}} }$

Putting all the values, we have

$t_{stat} = \displaystyle\frac{28.5 - 31.7}{\frac{2.8}{\sqrt{9}} } = -3.429$

Now, $t_{critical} \text{ at 0.05 level of significance, 8 degree of freedom } = -1.860$

Since,

$t_{stat} < t_{critical}$

We fail to accept the null hypothesis and accept the alternate hypothesis. We conclude that the mean nicotine content is less than 31.7 milligrams for this brand of cigarette.

3 0

3 years ago

X - y= -4 -2x +3y =6

STatiana [176]

Answer:

x=-6, y=-2, (As a point) (-6, -2).....The point form is not necessary unless you want to solve the system (of equations) by graphing.

Step-by-step explanation:

By substitution:

x-y=-4 By adding y on both sides,

x=y-4

Now you can substitute x for the expression (y-4)

Plug the (y-4) as x in the other equation.

So -2x+3y=6 becomes

-2(y-4)+3y=6

Now solve:

-2(y-4)+3y=6 distributes out to be

-2y+8+3y=6 Now combining like terms

y+8=6 Subtract 8 on both sides to isolate the variable

y=-2

Now plug the value -2 in where the y is in any equation (preferably the easier/less complicated one) and solve for x.

So x-y=-4 becomes

x-(-2)=-4

=x+2=-4

=x=-6

3 0

3 years ago

Write 640 : 30 in the lowest form.

OLga [1]

Answer:

should be 64:3

Step-by-step explanation:

divide by 10

6 0

2 years ago

The area of a circle is 49π m2. What is the radius?

olga55 [171]

Answer: r= 3.95

Explanation: A=πr2

5 0

3 years ago

Read 2 more answers