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2 years ago

What does compounding interest mean??

1 answer:

7 0

Compounding interest is interest on top of interest.

For example, say you put 100 bucks in the bank.
You get 10% interest compounded daily on that 100 bucks.

That means that you get 10% interest not only on those 100 bucks, but all the money you make after.

So your interest would go from 10% on 100 bucks, to 10% on 110 bucks and so forth.

I hope this helps and please press that ❤ under my reply, it really helps!

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If jasmine sleeps for 12 hours each night and takes two naps during the day, jasmine is most likely:

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1 year old. A one year old child should sleep at least for 12 hours a day and the rest should occur as naps. It is the evidence of healthy body conditions. The baby during the period undergoes rapid metabolic actions which need much rest in the form of sleep.

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2 years ago

An analyst gathers the following information about Meyer, Inc.: Meyer has 1,000 shares of 8% cumulative preferred stock outstand

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Answer and Explanation:

The computation is shown below

a. Total book value is

= Equity par value + retained earnings + net income

= 20,000 shares × $20 + $5,000,000 + $70,000

= $5,470,000

b. The book value per share is

= Equity book value ÷ number of shares

= $5,470,000 ÷ 20,000shares

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Hence, the total book value and book value per share is $5,470,000 and $273.50 respectively

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2 years ago

you invest $1300 in an account at interest rate r, compounded continuously. Find the time required for the amount to double and

miskamm [114]

Answer:

1. For the amount to double: 9.37 years

2. For the amount to triple: 14.85 years

Explanation:

The equation for continuosly compounded interest is:

$F=P\times e^{rt}$

Where:

P is the amount that you invest today: $1,300
F is the value after t years: the double or triple of $1,300
r is the annual interest rate: 0.074

1. For the amount to double:

Substitute the values and solve for t:

$2\times \$1,300=\$1,300\times e^{0.074t}\\ \\ 0.074t=\ln 2\\ \\ t=\ln 2/0.074=9.37years$

2. For the amount to triple:

$3\times \$1,300=\$1,300\times e^{0.074t}\\ \\ 0.074t=\ln 3\\ \\ t=\ln 3/0.074=14.85years$

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2 years ago

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tankabanditka [31]

Answer:

These two statements are correct:

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B.Government regulation is necessary to stabilize the economy.

Explanation:

The first statement is correct because John Maynard Keynes that demand was the most important side of the economy, not supply. This is why his policies are sometimes referred to as "demand-side economics", while the policies of many of his detractors, such as Milton Friedman, are referred to as "supply-side economics".

The second statement is also correct because Keynes believed that a market economy was naturally subject to business cycles: cycles of boom and bust that could either benefit millions, or harm millions. Keynes thought that the government should regulate the economy in order to lessen the effect of those cycles.

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On the food label for a package of crackers, what does a 15 percent daily value for iron mean?

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A 15% percent daily value for iron means that one serving of the cracker provides 15 percent of the iron that the average person needs each day.
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