Answer:
c. 10.38%
Explanation:
Loan Amount = $10,000
Quarterly Interest payment = $250
Interest Payment for the year = $250 x 4
Interest Payment for the year = $1,000
Nominal interest rate = ($1,000 / $10,000) x 100 = 10%
Nominal interest rate = r = 10%
Number of periods = m = 4
Effective Interest rate = [ ( 1 + r/m )^m]-1
Effective Interest rate = [ ( 1 + 0.1/4 )^4] -
Effective Interest rate = [ ( 1 + 0.025 )^4] -1
Effective Interest rate = 10.38%
The correct answer is C. By attending college, Connor actually stands better prospects to earn a significant salary throughout his lifetime. Employees having gone through post-secondary education generally earn more income than those who have not studied till college. The simple reason is, by attending college, you acquire sharper knowledge and insights of disciplines you wouldn't otherwise have access to. You get skills that are in line with a demanding and fast-paced environment. People often regret not attending college because they could have grabbed a certificate that could have been a stepping stone for professional opportunities and higher incomes.
Answer:
The correct answer is letter "A": Putting aside money for retirement.
Explanation:
Savings accounts are those where individuals' can deposit money to profit from the annual interest banks and financial institutions provide. Retirement accounts, on the other hand, are those funded with money discounted from employees' paychecks and do not allow withdrawals unless there is a major qualifying event -<em>if the type of retirement account allows it</em>.
Answer: Yes I do.
Explanation:
The 1950s were a time of great fear to people in the developed world. They feared that as the Cold War was just beginning, there were being watched by foreign powers and that they couldn't trust a lot of people because they didn't know who was who. Especially in America where the fear of Communism gripped the nation. They did not know if certain adverts were Communist Propaganda and they feared that sometimes the information government's had about them was used to Target them.
This fear is still quite evident today. Take the 2016 Election rumours for instance. Certain Social media platforms claimed that foreign powers used their sites to advertise the President and get him elected. The ease by which this was accepted showed that people do indeed still have fear advertising.
