The annual interest earned on an amount deposited into a bank account will be the same each year when compound interest is used.

Business

1 answer:

max2010maxim [7]3 years ago

5 0

False. A good way to think of this is that you are reinvesting your interest.

You might be interested in

A decrease in the price of toothpaste in a tube can lead to a decrease in the purchase of toothpaste in a pump. This means:

Fittoniya [83]

Answer:

They are complementary goods

Explanation:

Complementary goods are goods that are typically purchased together. For example: a bicycle and a helmet, a book and a bookmark, a pillow and a pillowcase, etc. Whatever happens to one good will typically end up happening to the other. If one becomes more expensive, the other typically will as well, and so on.

5 0

2 years ago

The British Parliament attempted to regulate trade with the colonies through the:

ASHA 777 [7]

Answer: Navigation acts

Explanation: Navigation act was a group of laws, first implemented by the British parliament in 1651. This act was implemented by the Britishers with the objective of regulating activities of shipping, trade and commerce with their colonial countries.

These acts were re-enacted in 1660. These were implemented by the England for increasing their profits in international market.

3 0

3 years ago

Recently, the owner of a trader joe's franchise decided to change how she compensated her top manager. last year, she paid him a

Wewaii [24]

Net earning for owner after payment to top manager, last year = $(130,000 - 65,000) = $65,000

This year, out of the forecast profit of $270,000, Owner has to pay to the top manager = $35,000 + 16% x $270,000

= $(35,000 + 43,200) = $78,200

Net money earned by owner this year = $(270,000 - 78,200) = $191,800

Change in net owner's earning = $(191,800 - 65,000) = $126,800

8 0

3 years ago

Costs that differ directly with the level of production are known as ________.

Ivanshal [37]

<span>Costs that differ directly with the level of production are known as variable cost</span>

3 0

3 years ago

Firms operating in industries where economies of scale are common will likely see ________ levels of labor productivity from the

kiruha [24]

Answer:

The correct word for the blank space is: higher.

Explanation:

Economies of Scale is a key concept for any business in any industry. It is also important for consumers trying to understand why smaller businesses may have to charge more for similar products made by larger companies. Overall, economies of scale mean <em>that production becomes more efficient as the number of goods being produced increases</em>.

6 0

3 years ago