Answer:
Savings prepare for emergencies
Explanation:
They really do
Based on the description that we have here the person that is more likely to have the higher net worth is Jane because part of the monthly mortgage payment she makes goes to pay off her loan, thereby increasing her equity.
<h3>What is a mortgage?</h3>
This is the term that has to do with a lender and a person. The mortgage gives the lender the right to take over your property if you do not pay back what you have borrowed.
Mortgages are what people use to buy homes. When they pay back, they do so with interest.
Read more on mortgage here:
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Miguel did not focus on differentiation. Differentiation in marketing refers to that thing about your company or product that makes you unique and better than everyone else. Speed2U's competitive advantage is their delivery speed. Miguel should have responded that what makes Speed2U unique is their ability to deliver in 15 minutes or less.
Answer:
$12,884.78
Explanation:
The amount in Future for the dollar invested today is referred as the Future Value. We determine the Future Value by compounding the Principle amount using the effective interest rate.
We can simply calculate the Future Value using a Financial calculator as follows :
PV = $0
PMT = - $5,700
I = 10 %
P/YR = 12
N = 30 x 12 = 360
FV = ??
Therefore,
The Future Value (FV) will be $12,884.78
The Account balance will be $12,884.78 in 30 years.