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
Solnce55 [7]
3 years ago
7

You are opening a savings account that earns compound interest. Which compounding frequency will earn you the MOST money?

Business
1 answer:
Ne4ueva [31]3 years ago
3 0
In general, it is true that if the frequency is higher, then you make more money. For example, suppose you have a capital 1$ and the interest rate can be either 50% compunded annually or 25% compounded semiannually (same total interest in a year, different compounding rate). In the first case you get 1.5$ back at the end of the year, while in the second case after 1 semester you have 1.25$. After 2 semesters, you have 1.56$. You cannot make infinite money this way though; you can at most gain a factor of 2.7 by reducing the intervals of compounding.
The correct answer is the highest frequency, namely when the interest is compounded as frequently as possible (as long as the total interest rate is the same).
You might be interested in
The outdoor clothing company Patagonia, Inc. pledges one percent of the company's annual revenue to environmental causes around
Rufina [12.5K]
Obligation is a condition of being linked in a relationship. We are all obligated to maintain the earth so it will sustain us because we all live on it
3 0
3 years ago
During live ammunition turn-in, the customer service clerk completes which form?
Rina8888 [55]

During live ammunition turn-in, the customer service clerk completes <u>DA Form 581.</u>

<h3>Who is a customer service clerk?</h3>

A customer service representative is in charge of addressing customer concerns, providing information when asked, and offering excellent customer service. Information exchange, addressing and documenting requests, gathering money, and resolving billing disputes are among the duties of customer service clerks. Furthermore, they make certain that clients receive goods or services on time. A strong ability to listen and communicate is required of job candidates. In addition to being able to multitask, they must have strong customer service abilities. Additionally, they will have an advantage if they possess conflict resolution and problem-solving skills.

To know more about DA Form 581 visit:-brainly.com/question/28268115

#SPJ4

8 0
1 year ago
Definition of economic costs manuel lives in san diego and runs a business that sells guitars. in an average year, he re
Mice21 [21]
What was the question?
8 0
3 years ago
Which term refers to the fundamental rethinking and radical redesign of a business activity to achieve dramatic improvements in
Reika [66]
<span>This fundamental rethinking and radical redesign of business to achieve major improvements in outputs is called as business process re-engineering. The process access and analyses the flow of work and other procedures that are carried in the business and make the necessary changes to the business plan.</span>
5 0
3 years ago
Metlock, Inc. has 5900 shares of 6%, $50 par value, cumulative preferred stock and 118000 shares of $1 par value common stock ou
MrRa [10]

Answer:

$23900

Explanation:

Given: Cumulative Preferred stock is 5900 shares of 6% at $50.

           Dividend paid in 2019= $11500

First lets calculate the value of preferred stock.

Preferred stock= 5900 shares\times \$ 50\times \frac{6}{100}

∴ Preferred stock= $17700.

Formula:

Dividend received by preferred stockholder= [Preferred\ stock +(Preferred\ stock-Dividend\ paid)]

⇒Dividend received by preferred stockholder=17700+(17700-11500)

⇒ Dividend received by preferred stockholder= 17700+6200= \$ 23900

∴ $23900 dividend received by preferred stockholder in 2020.

4 0
3 years ago
Other questions:
  • Over a long period of time Sears has slipped from being America's largest retailer to struggling for survival in recent years. W
    15·1 answer
  • Henry is an economist and wants to understand the relationship between inflation and consumer spending habits. For his research,
    8·1 answer
  • The marginal product of labor eventually slopes downward due to diminishing marginal costs diminishing average returns diminishi
    13·1 answer
  • In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $26,000 and ending
    12·1 answer
  • The state government maintains an investment pool for itself and local governments in the state. The investment pool received t
    13·2 answers
  • Consider four different stocks, all of which have a required return of 15 percent and a most recent dividend of $4.20 per share.
    14·1 answer
  • Newton Corporation was organized on January 1, 20X7. On that date, it issued 200,000 shares of its $10 par value common stock at
    7·1 answer
  • On January 1, 2022, the Ivanhoe Company ledger shows Equipment $48,300 and Accumulated Depreciation $17,720. The depreciation re
    5·1 answer
  • When merchandise is returned for a refund or for credit to be applied to other purchases, the situation is called a(n)
    10·1 answer
  • A customer is attempting to return some merchandise that you believe was purchased elsewhere at a competitors what would you do
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!