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Svetlanka [38]
4 years ago
9

The difference between simple and compound interest in a savings account is that ______________. Question 16 options: You will a

lways earn less than 10% interest with a simple interest savings account You will always earn more than 10% interest with a compound savings account. You will earn more interest with a compound interest savings account You will earn more interest with a simple interest in a savings account
Business
1 answer:
joja [24]4 years ago
4 0

Answer:

The difference between simple and compound interest in a savings account is that You will earn more interest with a compound interest savings account

Explanation:

The interest in a compound interest savings account is greater than the interest in a simple interest savings account because compound account takes the account balance plus previous paid interest (Balance+previous interest) in order to calculate the interest that the bank is going to pay for the funds that are in the account.

However, simple interest saving account only calculate the interest based on the current balance of the account.

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Magpie Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 60,0
zvonat [6]

Answer:

Explanation:

1) Desired profit = Invested asset * Rate of return = $700,000*25% = $175,000

2) x - selling price of the product

60,000x - 784,600 = 175,000

60,000x = $959,600

x = $16

Total product cost = Total fixed cost + Total variable cost = (38,700+7500) +

((4.60+1.88+1.33+4.50)*60,000) = 46,200 + 12.31*60,000 = 46,200+738,600 = $784,800

3)

Mark-up percentage = Desired profit/Total product cost = $175,000/$784,800 = 0.2229 = 22.29%

4 0
3 years ago
In the fourteenth century, the Western African Emperor Kankan Musa traveled to Cairo where he gave away much gold, which was in
Natalka [10]

Answer:

b. raised the price level, but decreased the value of gold in Cairo

Explanation:

In this case, its most likely that inflation would occur because there was a sudden influx of gold into the market thereby reducing the price level of goods because there will be an increase in demand, which if it exceeds supply will increase price. This would further reduce the value of gold in the market because of the unexpected arrival in the market.

7 0
3 years ago
Describe three ways that globalization is having a negative impact on the environment
Alchen [17]

pollution

building up in countryside

over population

5 0
3 years ago
What concept implies that a firm's marginal revenue product curve for labor will slope downward in the short run?
leva [86]
<span>Law of Diminishing Marginal Returns (LDMR). As in Economic theory, there will be fixed and variable factors of production in the short run. This would imply that beyond a certain level of production, the next unit of variable factor added to the production would result in a lower output as compared to the previous unit of variable input that was added to the production. This is ultimately due to the over usage of the fixed factors of production (such as machinery and infrastructure) and resulting in a less "efficient" amount of output due to the physical operating limits of fixed factors of production. As such in the short run, MR will slope downward if the firm is producing beyond its most efficient point of production to ensure more products can be produced given a limited amount of time.</span>
4 0
3 years ago
in a well-diversified investment portfolio, the allocation of real estate investments should not exceed five percent.a. Trueb. F
Dmitry_Shevchenko [17]

"In a well-diversified investment portfolio, the allocation of real estate investments should not exceed five percent" is false.

<h3>What is real estate?</h3>

⇒ Real estate is immovable property of this type that consists of land and the buildings on it, as well as its natural resources, such as crops, minerals, or water; an interest in this (also) constitutes real property, or (more broadly) buildings or houses in general. In legal terminology, real refers to real property, which is distinct from personal property, and estate refers to a person's "interest" in that real property.

Real estate is distinct from personal property, which includes things like cars, yachts, jewels, furniture, equipment, and a farm's rolling stock but is not affixed to the land permanently.

To learn more about real estate, visit:

brainly.com/question/1534216

#SPJ4

4 0
1 year ago
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