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
salantis [7]
3 years ago
13

Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compou

nds. Which should he choose if he wants the best rate of return on his interest? AAnnual Compounding BMonthly Compounding CSemi-Annual Compounding DDaily Compounding
Business
1 answer:
jeka57 [31]3 years ago
6 0
The best saving account that Anthony should take is letter D, daily compounding. Daily compounding could provide him the best rate of return to his interest and this could provide him the interest that he deserves every time he deposits money on his bank account. This could not only be best in returning his interest but it could also provide the interest he deserves.
You might be interested in
The inflation rate over the past year was 3.8 percent. If an investment had a real return of 6.9 percent, what was the nominal r
Natalka [10]

Answer:

Nominal rate of return= 10.96%

Explanation:

Inflation is the increase in the price level.It erodes the value of money.rise in the price of money

<em>Nominal interest is that quoted for investment or loan transactions. It has not been been adjusted for inflation.  </em>

<em>Real interest rate is the amount of interest in terms of the the quantity of good and services that can be purchased. It is the nominal interest rate adjusted for inflation. </em>

The relationship between inflation, real interest and nominal interest rate is given using the Fishers Effect;

N = ( (1+R) × (1+F)) - 1

N- nominal rate, R-real rate, F- inflation

Nominal rate of return =(1.038)× (1.069) - 1 = 0.109622

Nominal rate of return =  0.109622 × 100 = 10.96%

Nominal rate of return= 10.96%

6 0
3 years ago
Define the following:<br> 1. Allocation of resources<br> 2. Economic system<br> 3. Market economy
denis-greek [22]
  1. Allocation of resources is the assignment of available resources to various uses.
  2. Economic system is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area.
  3. Market economy is an economic system where supply and demand, direct the production of goods and services.
8 0
2 years ago
Read 2 more answers
HELP! 20 POINTS!!!
Bingel [31]

The answer is D.)She would likely have to pay more than $55 at the time of purchase for the convenience of using her credit card.

There are always fees for using any type of credit card. Interests or not, you pay fees for the government. Lynn can pay even more if she doesn't pay the balance by the end of the month. Every time she uses the credit card, her balance fees rises. By the time she gets enough money to pay of the balance, her balance will be much bigger.

Hope this helps!!!

Please Mark Brainliest!!!

8 0
3 years ago
Read 2 more answers
When would you use a cashier's check ?
AleksAgata [21]
Is this an open ended question ? Or multiple choice ?
6 0
3 years ago
A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied;
GarryVolchara [31]
...... conversely, especially good weather would shift the SUPPLY CURVE TO THE RIGHT. Supply curve shifting to the right means that productivity is increased. An increase in agricultural productivity will leads to increase in supply of agricultural products which in turn will results in decrease in price for the products. 
3 0
3 years ago
Other questions:
  • Tamara has $500 she is looking to save for a class trip. She wants to earn the most possible interest and will not need access t
    5·2 answers
  • On Januaryâ 1, 2019, Always Corporation issues $ 2,800,000â, 5-âyear, 10â% bonds for $ 2,710,000. Interest is paid semiannually
    13·1 answer
  • 2 things
    10·1 answer
  • George invested $1,000 in large U.S. stocks at the beginning of 2012. This investment earned 16.35 percent in 2012, 31.50 percen
    15·1 answer
  • Which of the following differences would result in future taxable amounts? Expenses or losses that are tax deductible after they
    8·1 answer
  • Ticker IBS is traded on the Pacific, Gulf and Atlantic stock Exchanges. The sequence of bids in the consolidated record is:
    11·1 answer
  • On December 31, 2020, Plattsville Plastics recently decided to dispose of an extrusion machine. The original cost was $461,000 a
    13·1 answer
  • As it applies to corporations, employee-owner separation means that many employees
    15·1 answer
  • 1. Briefly summarize the actions a firm can take to enhance the ethical behavior of its purchasing
    15·1 answer
  • A common-size income statement is an accounting statement that expresses all of a firm's expenses as a percentage of:_______
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!