1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Asap pls!!!
kumpel [21]

Answer: Answer:

A. give first choice to veterans before other job applicants

Explanation:

got a 100 :)

5 0
3 years ago
Do you think leaders are arthur those who should receive perfect obedience
Reptile [31]
<span>No, leaders should not receive perfect obedience. Leaders should constantly have to earn the trust and respect of the people that follow them. A good leader is not afraid to have their ideas challenged. Once a leader has established trust and confidence, followers will choose to follow.</span>
6 0
3 years ago
Andrew Lighting purchases a factory and all of the equipment, computers, and vehicles within it. Andrew begins production of lam
liq [111]

Answer:

Equipment and vehicles.

Explanation:

A fixed asset is a long term asset that has a useful life of over one year, it is owned and used by a company to achieve its stated objectives. They are bought to generate income, and they are not meant to sell and not easily convertible to cash. Are categorized under noncurrent assets in the balance sheet.

Fixed assets have the following characteristics:

-They exist physically and, thus, are tangible assets.

-They are owned and used by the company in its normal operations.

-They are not offered by sale as part of normal operations.

Some examples are equipment, machinery, buildings, and land.

7 0
3 years ago
Any factor that leads businesses to collectively expect lower rates of return on their investments ______ investment demand.
ANTONII [103]

Any factor that leads businesses to collectively expect lower rates of return on their investments <u>reduces investment </u><u>demand</u>.

The aggregate call includes consumption and funding demand. aggregate call for is the call for of total items and services in the economy as it is not possible to be counted all the bodily quantities the overall expenditure on all goods and offerings are taken into consideration.

Investment call for refers to the demand with the aid of corporations for physical capital items and offerings used to hold or extend its operations. Think of it because the workplace and factory space, machinery, computer systems, desks, and so forth might be used to operate an enterprise.

Funding is a part of combination demand; modifications in funding shift the aggregate call for curve by the amount of the preliminary exchange times the multiplier.

The question is incomplete. Please read below to find the missing content.

Any factor that leads businesses to collectively expect lower rates of return on their investments _____.

Multiple choice question.

A) reduces output

B) increases output

C) increases investment demand

D) reduces investment demand

Learn more about  demand here brainly.com/question/24384825

#SPJ4

7 0
2 years ago
When earning compound interest on money you invest, which statement is true?
Arte-miy333 [17]

Answer:

A As time goes on and your bank account grows, you earn more interest.

Explanation:

A compound interest-earning account adds the interest it has earned in a particular period to the principal amount. This results in the principal amount increasing by the amount of interest earned in the period. Therefore, for compound interest, the principal amount is bigger at the beginning of every year.

In practice, interest is calculated based on the principal amount. If the principal amount is higher every period, the interest earned will also go up every year.

6 0
3 years ago
Other questions:
  • Kelly purchased a toaster for $180. She made a down payment of 25% and financed the rest for 12 months with payments of $17.58.
    6·1 answer
  • Conflicts of interest arise when employees have a private interest in the outcome of a task in which they are engaged in that is
    7·1 answer
  • For a self-sufficient producer, the production possibilities frontier:
    6·1 answer
  • The ways in which organizations use the system to provide information for day-to-day decisions about salary, benefits, and recog
    13·1 answer
  • At K2X Industries, the top management believes that having multiple managers will lead to disorder and adversely affect employee
    13·1 answer
  • You have just won the lottery and will receive $560,000 in one year. You will receive payments for 22 years, and the payments wi
    8·1 answer
  • Which of the following is the least likely strategy for a U.S. firm that will be purchasing Swiss francs in the future and desir
    12·1 answer
  • Statement of stockholders' equity Financial information related to All Seasons Company for the month ended June 30, 20Y7, is as
    8·1 answer
  • "A broker-dealer is registered in New York and Florida. A client that lives in New York is going to retire to Florida. Her agent
    14·1 answer
  • At the beginning of the current year, Trenton Company's total assets were $274,000 and its total liabilities were $188,000. Duri
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!