Nirav recently opened a savings account offering 2% annual compound interest, this means that Nirav will earn the same amount of interest each year for four years.
<h3>What is a saving account?</h3>
An account at a retail bank is formally called as a savings account. This is a type of account that person granted a person that his money is safe in a particular bank. Refer to the image below for the complete question.
The given case tells about that <u>what would be the impact</u> of savings account offering 2% annual compound interest on Nirav, then he will earn the same amount of interest compounded each year for four years.
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401k is an investment account that you can use to save your paycheck from your work. Most employers provide this.
A 529 is also another good investment for saving up for college as there are no taxes applied to the investment or income as long as it is used for schooling.
A HSA plan is able to accumulate value for a future health purchase and is also usually taken out of your paycheck. Taxes do not apply so you get the full value of the amount you decide to set aside.
The SDLC process models achieves the above function is Incremental model. Thus, option (d) is correct.
<h3>What is risk?</h3>
Risk refers to the chance of happening something wrong. It involves the uncertainty about the after effects of the acts. For the businessman, risk is the reward for profit.
Incrementalism Model SDLC is a subset of a bigger system that divides a project into releases and then incrementally adds capability to each build.
This technique prioritizes the demands of the system, which are then achieved in groups.
Therefore, it can be concluded that option (d) is correct.
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Your question is incomplete, but most probably the full question was….
List of options:-
Select one:
a. Spiral Model
b. RAD model
c. Waterfall model
d. Incremental model
Answer:
(B) What must be given up to acquire it
Explanation:
Opportunity cost, in a simple language, means trade-off or an income or savings that we need to forego.
It is the amount or value of a certain event or activity that must be given off due to choosing one alternative over another.
In this case, the salary of $50,000 per year is the opportunity cost.
Answer:
you owe $43.47 in one month
Explanation:
Daily Interest (for one month) = Balance × APR rate × [number of month / Total month in a year]
Daily Interest = $1800 × 28.99% × 1/12
= $1800 × 0.2899 × 0.0833
= $43.47