1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Savatey [412]
3 years ago
5

What is the difference between simple and compound interest?

Business
1 answer:
bezimeni [28]3 years ago
7 0
Let's imagine you have a loan of 10,000. The simple interest would be calculated on the $10,000 so if you have an interest rate of 5%, it would go up 5% each year. Compound interest is basically interest on top of interest. So after every period or year of the loan, you are gaining compound interest on both the original loan amount and the interest you have gained.
You might be interested in
Your grandparents put $10,200 into an account so that you would have spending money in college. You put the money into an accoun
expeople1 [14]

Answer:

Monthly withdrawal = $ 231.17 per month

Explanation:

Below is the calculation:

Deposit amount in the bank = $10200

Interest rate earned by the deposit = 4.19%

Monthly interest rate = 4.19% / 12 = 0.34917%

Number of periods = 4 years x 12 = 48

Amount in the account = Monthly withdrawal x (P/A, 0.34917%, 48)

10200 = Monthly withdrawal x 44.12246

Monthly withdrawal = 10200/44.12246

Monthly withdrawal = $ 231.17 per month

5 0
3 years ago
In recent years, foreign firms were reluctant to merge with or acquire American corporations.a. Trueb. False
dangina [55]

Answer:

b. False

Explanation:

Merging or acquiring American corporations by foreign firms helps them consolidating businesses or assets with a view to increasing productivity, maintaining a competitive edge, growing market share, or controlling supply and distribution networks. It gives them a reputation at the international stage as the United States has a dominant capitalist stand and merging with it ensures a promising future in the business market.

8 0
3 years ago
Assuming the staffers' personnel files have data on the Big Five, how could that data be used to inform the decisions about comb
DIA [1.3K]

Answer:

The big five characteristics include agreeableness, conscientiousness, extraversion, neuroticism and open to new experience.

Explanation:

The data captured within the big five characteristics can be used to inform the decisions about combining areas of expertise in job specifications.

The profile of someone who could take on a lot more will include all the characteristics in the big five except neuroticism.

Someone that is neurotic expresses anger easily and is prone to depression. This is a self conscious individual that is easily irritated.

7 0
4 years ago
why would materials such as iron ore, steel, lumber, and coal be transported via ships from the united states to japan,rather th
BARSIC [14]
Idk so you need to ask somebody else because I’m really dumb and I don’t have the answer for u
7 0
3 years ago
Suppose you invest $ 4 comma 000 today and receive $ 9 comma 250 in five years. a. What is the internal rate of return​ (IRR) of
Dovator [93]

Answer:

IRR is 18.25%

Annual amount is -$0.225 which closest to zero dollar,because at irr the investment return is zero

Explanation:

The formula for IRR in excel is :irr(values)

The formula can be applied to the cash outflow of $4,000 and cash inflow of $9,250 in five years' time as follows

Years                Cash flow

0                       -$4,000

1                          $0

2                          $0

3                           $0

4                            $0

5                          $9,250

irr(-$4000 to $9,250)

irr is 18.25%

The amount of receivable each year can be computed using pmt formula in excel

=pmt(rate,nper,-pv,fv)

rate is the irr of 18.25%

pv is -$4000

fv is the future amount 0f $9,250

=pmt(18.25%,5,-4000,9250)

pmt=-$0.225 which closest to zero amount

6 0
3 years ago
Other questions:
  • A 10-year $1,000 bond pays a nominal rate of 9% compounded semi-annually. If the market interest rate is 12% compounded annually
    6·1 answer
  • Replenishment lead time is _________.a. The time between placing an order and receiving the materials. b. The amount of time the
    9·1 answer
  • Alan induces beth to enter into a contract for the purchase of a chef's burger house restaurant. alan knowingly misrepresents a
    15·1 answer
  • On March 2, 2015, Best Buy co. announced that it planned to repurchase up to $1 billion of its common shares. The company also a
    10·1 answer
  • Peggy is in the business of factoring accounts receivable. Last year, she purchased a $30,000 account receivable for $25,000. Th
    6·1 answer
  • Marketing intermediaries that solicit orders from retailers or other wholesalers and have the products delivered directly from t
    12·1 answer
  • Ann is trying to decide which one of two job offers she will accept. Several items are presented below: Job Offer A(1)Base Salar
    10·1 answer
  • Straight Industries purchased a large piece of equipment from Curvy Company on January 1, 2019. Straight Industries signed a not
    15·1 answer
  • This résumé format focuses on an applicant’s work experience and education:
    13·2 answers
  • How does a subsidy provided for a good affect consumers?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!