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Nina [5.8K]
3 years ago
8

Why is utilizing compound interest a powerful savings strategy?

Mathematics
1 answer:
PilotLPTM [1.2K]3 years ago
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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Can someone help me with this and show the step to solving it
anyanavicka [17]

Answer:x = 9/16

Step-by-step explanation:

2x + 3 = 6x - 4

/3

First you gotta get rid of the divided by 3

2x / 3 = 2/3x and 3 / 3 = 1

Now you have

2/3x + 1 = 6x - 4

Second you have to get rid of the 2/3x on the left side

2/3x + 1 = 6x - 4

-2/3x          -2/3x

1 = 5 1/3x - 4

Third you have to get rid of the -4

1 = 5 1/3x - 4

-4             -4

-3 = 5 1/3x

Fourth you have to divide by 5 1/3

-3 = 5 1/3x

/ 5 1/3    / 5 1/3

x = 9/16

3 0
3 years ago
A tree is 21/2 feet tall.How tall will it be in 3 years if it grows 1/4 foot each year?
r-ruslan [8.4K]

2 1/2 + 3 * (1/4)

2  1/2 + 3/4

2 2/4 + 3/4

 2  5/4

3 1/4 ft

3 0
3 years ago
Homework check? if i’m wrong tell me why? :)
Talja [164]

Answer:

9d you need to take the 3 to the power outside the ().  I can't read it.  4???

10c x needs to be raised to the power also.

10e simplify the fraction

Step-by-step explanation:

7 0
3 years ago
Need help hurry please
Fofino [41]

<em><u>Answer:</u></em>

Real number

<em><u>Step-by-step explanation:</u></em>

18.62 is a Real number. A real number is just a number that is either an integer, decimal or anything like that.

4 0
3 years ago
If you roll a six-sided die, what is the probability you will obtain greater than a 2?
Delvig [45]

If we will roll a fair die then the outcomes wil be 1,2,3,4,5,6.

Hence, the total number of events= 6

3,4,5 and 6 are greater than 2.

So, there's 4 events which are greater than 2.

Now the formula to find the probability is:

probability=\frac{Number of events more than 2}{Total number of events.}

=\frac{4}{6}

=\frac{2}{3}

So, the probability of getting greater than a 2 is 2/3.

3 0
3 years ago
Read 2 more answers
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