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KatRina [158]
3 years ago
14

A variety of different savings products are offered by financial institutions. Two of the most frequently sold savings investmen

ts are statement (or passbook) savings accounts and certificates of deposit (CDs). How do they differ?
Business
1 answer:
nadya68 [22]3 years ago
3 0

Answer:

Statement Savings Account is said to be a deposit account held by a bank where a customer can earn interest .

In Statement Savings Account, the interest will be relatively low and there may be a possibility of restricted number of withdrawals.

In Statement Savings Account, the interest rate gained can either increase or decline overtime while putting into consideration the interests rate set by the federal reserve.

In Statement Savings Account,  a good number of this said savings investment offers debit cards which allows a customer to withdraw money via an ATM Machine or through electronic transfer.

In Statement Savings Account, there may be restrictions as regards the minimum account balance.

while

  • In Certificates of Deposit, there is a strict requirement of meeting a minimum account and not being able to execute withdrawals from the said account for a given duration.
  • In Certificates of Deposit, there is a significantly higher interest rate that that of a savings account.
  • In Certificates of Deposit, a penalty is put in place for initiating withdrawals prior maturity.
  • In Certificates of Deposit, one is allowed to carry out withdrawals or roll the funds into a another certificate of deposit once the certificate of deposit term is completed.
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Answer:

with the student loans you will be over 800

Explanation:

so if you subtract all of that from 3000 you will be in negatives by -800 each month

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2 years ago
In November, two months before year-end, the bookkeeper erroneously recorded the receipt of a one year bank loan with a debit to
OleMash [197]

In November, two months before year-end, the bookkeeper erroneously recorded the receipt of a one-year bank loan with a debit to cash and a credit to interest revenue. The most effective method for detecting this type of error is to Send a bank confirmation as of year-end.

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7 0
1 year ago
Economics Airlines currently spends $20,000 per month in airport fees and $10,000 per flight for fuel, crew, and airplane mainte
Kamila [148]

Answer:

b. 20

Explanation:

For 5 flights per month

Total Cost = Variable cost + Fixed cost

Total Cost = Fuel, crew, and airplane maintenance cost + Airport fee

Total Cost = (5 X 10000) + 20,000 = $70,000

For 6 flights per month

Total Cost = Variable cost + Fixed cost

Total Cost = Fuel, crew, and airplane maintenance cost + Airport fee

Total Cost = (6 X 10000) + 20,000 = $80,000

Additional Cost for 6th flight = $80000-70,000 = $10,000

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Minimum No. of Passenger to cover the cost = $10,000 / $500 = 20 seats passengers.

3 0
3 years ago
Scenario C: Panhandle Prime Energy Partners is an organization that has undergone a dramatic transformation over the last few ye
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Answer:

The answer is: C) Clan

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3 years ago
You would like to use the periodic review model to compute the desired order quantity for a company. You know that vendor lead t
skad [1K]

Answer:

a. 40

Explanation:

The computation of the standard deviation of the demand is shown below:

= 8 × √(5+20)

= 8 × √25

= 8 × 5

= 40

Hence, the standard deviation of the demand is 40

Therefore the first option is correct and the same is to be considered

7 0
2 years ago
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