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
Serjik [45]
3 years ago
6

Abbie is in high school and saves money from her afterschool job to buy a car after she graduates from college. She wants a new

car but knows it will cost more than $20,000. By her freshman year, she has saved $12,000. Which of the following would most help her have the most money by graduation? A checking account A compound interest account A simple interest account A high risk investment
History
2 answers:
Arte-miy333 [17]3 years ago
8 0

Abbie is in high school and saves money from her afterschool job to buy a car after she graduates from college. She wants a new car but knows it will cost more than $20,000. By her freshman year, she has saved $12,000. Which of the following would most help her have the most money by graduation?

The correct answer is letter B:  A compound interest account.

If you’ve got money in a savings account, your money will grow due to compound interest. Interest is money the bank paid to you as a reward it is a percentage and generally expressed per annum (interest is proportional to the amount of money you have deposited).

Compound interest is a rate that is applied to the principal and any prior interest earned (that's to say interest on interest). So over a period of time, it is very profitable.

lidiya [134]3 years ago
5 0
A compound interest account
You might be interested in
Which exploration did King Ferdinand and Queen Isabella of Spain sponsor?
Crank
The answer is Christopher Columbus.<span />
3 0
3 years ago
Read 2 more answers
The Americans with Disabilities Act, which provides protections for the disabled, is an example of?
Charra [1.4K]
Answer is federal mandate
8 0
3 years ago
Which statement describes a cause of the French and Indian War? A. The French and the English were in conflict over land and pow
olganol [36]
B. Many colonists sided with the French over the issue of British taxes
8 0
3 years ago
Read 2 more answers
What was one major cause of European global exploration during the 15th to 18th centuries?
lesya692 [45]
The answer to this question would be A. the European countries were always trying to become the most powerful in the world.
4 0
3 years ago
Read 2 more answers
The elements of magnesium and calcium have similar chemical properties.Explain why.
JulijaS [17]

Magnesium and calcium have similar chemical properties because they have the same number of electrons in their valence shells.

5 0
3 years ago
Other questions:
  • What caused the collapse of the german economy in 1923
    12·1 answer
  • As the colonies moved toward independence, the First Continental Congress was created in
    9·1 answer
  • What are common social events for western families?
    11·2 answers
  • Which of the following did Emma Hart Willard accomplish in 1826?
    11·2 answers
  • How did economic opportunity divide urban and rural dwellers?
    12·1 answer
  • What method did the union use to stop most of the Souths cotton trade
    6·2 answers
  • I NEED HELP WITH THIS QUESTION
    14·1 answer
  • hi i want to say something real quick everyone is beautiful in their own way so don't take other bad words and don't let that kn
    15·2 answers
  • In 1777, the new nation created a government based on a confederation of states. What weakened the powers of the central governm
    5·1 answer
  • How Greece’s geography affected its development
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!