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Rufina [12.5K]
3 years ago
15

If I'd like to take 1000 and put it into a savings account for a long period of time in the hopes of earning a higher interest r

ate and making my money grow, which type of account should I choose?
Business
1 answer:
nevsk [136]3 years ago
8 0

Answer:

Fixed Deposit Account

Explanation:

Commercial Banks perform this crucial role of accepting deposits & advancing loans.

3 Types of Deposits :

Current Account - Used by businesses, has liberal depositing & withdrawal rules for payments & receipts, negligible interest by bank (rather bank charges for their service).

Savings Account - Used by households, for normal savings, has deposit & withdrawal rules less free than current account, moderate interest rate by bank.

Fixed Deposit Account - Used for Long Term savings, strict withdrawal rules before maturity (interest lost if withdrawn), high interest rate & money growth.

So, If need is to save money foe long period & letting it grow meanwhile, Fixed Deposit Account is a suitable Account.

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Industrial-organizational psychology is the branch of psychology that applies psychological speculations and standards to associations. Regularly alluded to as I-O brain research, this field centers around expanding working environment profitability and related issues, for example, the physical and mental prosperity of representatives.  

Industrial-organizational psychologists use psychological standards and research strategies to take care of issues in the work environment and enhance the personal satisfaction. They think about work environment profitability and administration and representative working styles. They figure out the morale and identity of an organization or association.

8 0
3 years ago
Read 2 more answers
"analytic solver" ADC also is concerned about cash flow in years 2, 3, 4, and 5. Use Analytic Solver to estimate the distributio
Hatshy [7]

Answer:

is there an image that shows the amount of $

Explanation:

can't solve without knowing the amount sorry

5 0
3 years ago
Which of the following would be an effective approach for encouraging authentic feedback? A. Defend yourself if you disagree wit
sergey [27]

Answer:

C. Ask for feedback only when you are open to hearing it.

Explanation:

Feedback refers to providing the information gathered after evaluating any specific action or event. Providing authentic feed-backs helps in promoting and improving the better quality of the original topic. It is more personalized and user-oriented. There are various ways by which authentic feed-backs can be given. Through messaging, writing, discussing over calls, and conversations over video calls helps in providing authentic feedback. Asking for feedback should be initiated by the person only when the person is willing to listen and acquire those feed-backs is an effective approach for encouraging authentic feedback.

6 0
3 years ago
What is the differents<br> between sole trading and partnership​
ycow [4]
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4 0
3 years ago
Read 2 more answers
Silvana Inc. projects the following data for the coming year. If the firm follows the residual dividend policy and also maintain
Goshia [24]

Answer:

The dividend payout ratio is 43.33% as shown below

Explanation:

EBIT is an acronym for earnings before interest and tax, it is given as $2 million.In other words, to arrive at net income we need to deduct interest on loan and tax.

EBIT                                                 $2000000

less interest(5000000*10%)         ($500000)

Earnings before tax                       $1500000

Tax @40%                                        ($600000)

Net income                                      $900000

Since capital project requires 60% of equity(net income belongs to equity holders),hence we need to deduct 60% of capital outlay from net income to arrive at distributable earnings.

distributable earnings =$900000-(60%*$850000)

                                     =$390000

Hence dividend payout ratio=distributable earnings/net income

                                               =$390000/$900000

                                                =43.33%

8 0
3 years ago
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