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Lisa [10]
4 years ago
8

Compound Interest When a bank account pays compound interest, it pays interest not only on the principal amount that was deposit

ed into the account, but also on the interest that has accumulated over time. Suppose you want to deposit some money into a savings account, and let the account earn compound interest for a certain number of years. The formula for calculating the balance of the account after a specified number of years is: A
Business
1 answer:
dangina [55]4 years ago
6 0

Answer: FVn = P( 1 + r )^n

Explanation:

Compound interest means that the bank is providing you with a return based on the opening balance on your account each year. This opening balance will include the interest earned in the previous year therefore ensuring that the bank will keep paying you a higher interest each year.

The formula is;

<em>FVn = P( 1 + r )^n</em>

Where;

FVn is the future value of the amount after n number of years

P is the money that you deposited

r is the interest rate that the money is being compounded with

n is the number of years

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Answer:

The characteristics of industrial organic agriculture are:

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  • substitution of conventional inputs such as conventional fertilizer with organic fertilizers
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Explanation:

Pollan's book discusses how modern individuals have a disconnection between food and knowledge. Modern individuals just pick up their food and practically don't know anything about how that food got reached our tables.

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3 years ago
Consider two spices, cumin and paprika, to be substitutes, a decrease in the supply of paprika, should cause an increase in the
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Answer:

an increase in the price of both

Explanation:

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Also as a substitute good, more people would begin to switch to buying cummin which would raise the demand for cummin. This increase in demand for cummin would then cause the price of cummin to go up.

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3 years ago
The banking system in the united states is a dual banking system with both state and ___________ banks.
Viktor [21]
The answer is probably national
6 0
4 years ago
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When conducting a formal marketing/sales event, there are elements that you must cover in order for your presentation to be comp
fredd [130]

There are several elements that need to be covered when conducting a formal marketing/ sales event except A. providing a list of plans that have the same star rating.

<h3>How can you be compliant when conducting a formal marketing/sales event?</h3>

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A complete plan presentation should also be provided to ensure that consumers know what they are getting into.

You do not however have to provide plans that have the same star ratings as the plan being presented on.

Options for this question include:

A. providing a list of plans that have the same star rating.

B. providing a complete plan presentation.

C. providing different plans

Find out more on formal sales events at brainly.com/question/24370156.

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2 years ago
Mistakes made by staff are affecting overall efficiency, so you have contacted the local community college to inquire about cust
Tamiku [17]

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sign up for either program

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