Answer: 1. False
2. True
Explanation:
1. Compound Interest allows an investor to earn money on the interest that has already accrued to the investment instead of just on the original investment like Simple interest. For this reason, the future value of compound interest will always be larger than simple interest for the simple reason that Compound interest is being charged on an amount larger than the amount being used for Simpler interest.
2. The process of compound interest does indeed allow a depositor/ investor to earn interest on any interest earned in prior periods. For instance, if the interest rate on a $500 saving is 10% per annum and it is using Compound interest, in the first year the interest earned will be,
= 10% * 500
= $50
In the second year the interest earned will be,
= 10% * 500 + the previous year interest
= 10% * 550
= $55
Notice how the interest has increased.
Answer:
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Answer: September 1, 2017
Explanation: The statute of limitation could be explained as a window period within which a civil violation or case may be filed by a plaintiff. Once this window period expires, the defendant may raise a claim against such case with respect that statute of limitation has been violated. In the scenario described above, the offense could be regarded as a professional malpractice with a statute of limitation of two years after the discovery of the incident which in this case is October 1, 2015, hence the statute of limitation of the sale will run out 2 years after October 1, 2015 which is September 1, 2017.
Answer:
The two approaches used by an organization or a corporation to minimize the risk of unauthorized access to personal data by employees as set out below.
Explanation:
- Training courses to protect workers from inadvertently delivering information
- Build a website that gives users only the details they will have to complete their work nothing more. Ensure that each consumer has his or her own set of passwords and that payments are logging in.
Hence, it is the right answer
Answer:
C) the market will devote too few resources to the production of the good.
Explanation:
The problem with free riding is that a good or service is used by too many people and paid by only a few, because there is an oversupply of the good or service. But it is too difficult or too expensive to separate those who actually pay form those who don't. Therefore private markets tend to undersupply public goods.
For example, police officers must "serve and protect" everyone, not just the people that pay their taxes. The same applies to the use of public beaches or parks, anyone can use them even without paying for their maintenance.
