A) The lender benefits, because the interest compounded increases further interest calculations.
Answer:
Addison will have $ 1,661 in her account in nine years.
Explanation:
This problem requires us to calculate value of our investment of $ 1000 dollars after nine years. The interest on the investment is 5.8% compounded annually.
This problem can be solved by using simple compounding formula given below.
Future Value = Present Value (1+interest rate%)^-period
Future Value = 1,000 (1+5.8)^9
Future = $ 1,661
Answer:
I’m pretty sure it’s B. interest rate
<span>No, this kind of a sentence is not an example of a negative question. It simply uses some of the already established </span><span><span>information </span> to clarify points and then ask for further details. If the person had said "I do not understand what you said, can you explain it again", then it can be considered as a negative question.</span>
not that well because of school
Explanation:
how about you
