3 years ago

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

Business

1 answer:

mojhsa [17]3 years ago

5 0

Answer:

4. compounding daily

Explanation:

The higher the compounding rate , the higher the compound interest. Compounding daily would therefore yield the highest amount of money.

I hope my answer helps you

You might be interested in

Equilibrium quantity must decrease when demand

spayn [35]

Increases and supply does not change, when demand does not change and supply increases.

7 0

3 years ago

Which country use tax brackets as a part of their tax system

konstantin123 [22]

Canada, Australia, and South Africa use tax brackets.

8 0

3 years ago

Read 2 more answers

Ajax, Inc., issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bond

ivann1987 [24]

Answer:

Explanation:

The journal entry is shown below:

On September 30

Bonds payable A/c Dr $1,000,000

Loss on bond retirement A/c Dr $20,000

To Discount on Bond A/c $10,000

To Cash A/c $1,010,000

(Being the callable bond is recorded)

The computation is shown below:

For cash

= Par value of bond + Premium

= $1,000,000 + $10,000

= $1,010,000

For Loss, it would be

= $1,010,000 - $990,000

= $20,000

And, the remaining amount would be transferred to discount on bond

7 0

3 years ago

The ______ of real estate markets makes it impossible to generalize the impact events in other areas will have on real estate va

goldenfox [79]

Answer: uniqueness

Explanation:

8 0

2 years ago

You manage a company that competes in an industry that is comprised of four equal-sized firms that produce similar products. A r

Alja [10]

Explanation:

It is given that in the market there are four equal-sized firms that produce similar products. The market is saturated such that 10% industry-wide price rise would lead to 18% decline in units sold by all firms in the industry. Going further, there is a proposed legislation that imposes a tariff on a key input used by the industry, which on realization would result in the increase in marginal cost by $2.

This means that the market elasticity of demand is:

[ FIND THE ATTACHMENT FOR SOLUTION]

5 0

3 years ago