The reason compound interest earn you a higher APY on savings account is with compounding you earn interest on the money that has already earned interest.
With compound interest, interest is earned on the amount of money that has already earned an interest. On the other hand, with simple interest, interest is earned only on the principal.
Imagine that you deposit $100 in a savings account with an interest rate of 10% and annual compounding.
Value of the account in one year = 100 x (1.1) = 110
Value of the account in two years = 100 x (1.1)² = 121
Imagine that you deposit $100 in a savings account with an interest rate of 10% and simple interest.
Value of the account in one year = 100 + (100 x 0.1 x 1) = 110
Value of the account in two years = 100 + (100 x 0.1 x 2) = 120
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Delivery versus payment account is the correct answer.
Explanation:
Answer:
No, Gerald should not be advertising properties to California citizens since that is considered soliciting. In order for Gerald to legally be able to solicit California citizens, he should hold a California real estate license. A Nevada license is not valid in California (nor any other state).
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That low income can be enough because of either one of these two reasons (or the two at the sime time):
- A high proportion of subsidized good for low-income earners in developing countries: a consumer making $1,000 per year on average could benefit from subsidized food, housing, healthcare, and even transportation, allowing this person to devote most of his income to other expenses.
- Cheap credit available: this same person could not have enough money to pay for the television in cash, but could easily obtain a credit with low interest rates, and long-term payments.
Answer:
El capital es uno de los tres factores de producción, se puede dividir en capital físico y capital humano, el capital físico son todas las máquinas y recursos que utiliza en su negocio. El capital humano se refiere a todos los conocimientos adquiridos.