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
Ksenya-84 [330]
3 years ago
7

Laurent saves money from his lawn service to buy a new $20,000 mower and trailer. He would like to buy the new equipment as soon

as possible but only has $12,000 in his simple interest savings account. To reach his goal sooner, Laurent should:
A. Keep his money where it is and be patient
B. Move his money to an IRA or Certificate of Deposit
C. Move his money to a compound interest account
D. Move his money to a business checking account
Business
1 answer:
ANTONII [103]3 years ago
5 0

Answer:

C. Move his money to a compound interest account

Explanation:

Laurent could earn enough interest to reach her goal of $20,000 much faster in a compound interest account, than in his simple interest account.

Ideally, he should try to look for an account that compounds interest monthly, or even daily, because the point of compound interest is to capitlize interests as frequently as possible.

You might be interested in
Jim Angel holds a $200,000 portfolio consisting of the following stocks: Stock Investment Beta A $50,000 1.20 B $50,000 0.80 C $
Alik [6]

Answer:

Option (c) is correct.

Explanation:

Jim Angel holds a $200,000 portfolio

Weight of stock-A is as follows:

= Investment of stock A ÷ Total investment

= $50,000 ÷ $200,000

= 0.25

Therefore,

Portfolio beta:

= (0.25 × 1.20) + (0.25 × 0.80) + (0.25 × 1.00) + (0.25 × 1.20)

= 0.3 + 0.2 + 0.25 + 0.3

= 1.05

Therefore, the portfolio's beta is 1.05.

7 0
3 years ago
What do you think Anielski means by the phrase
Veronika [31]

Answer: yes I agree the him

Explanation:

4 0
2 years ago
Pauline’s parents perform tasks of which order in this scenario? Pauline’s family is fairly liberal. Her parents have set certai
sdas [7]

Answer:

The reason is that the Pauline's parents are performing parental orders which includes the imposition of conditions. These imposed conditions and rules for the children are for their benefit and will help them in forming habits and protect themselves from the world evil beings. All the habits structuring of Pauline which her parent desire are of immense importance for her future life. Neither of the condition or rule mentioned in the case are unethical and are what a proactive person possesses and are also desirable. This shows that the parents are working hard with their children to let them have a good set of habits and reflects good parenting. Though initiallt it seems that the liberty of Pauline is diminished but will ensure its future safety and liberty in the long run. People have choice to drink wine but this doesn't mean that the childrem must also taste them. This is because its not good for health and that the lack of good parenting will affect them most.

3 0
3 years ago
Select the correct answer.
Naya [18.7K]
C is the correct answer
4 0
3 years ago
Read 2 more answers
"High Risk Investment = High Return Investment", "Low Risk Investment = Low Return Investment"
Nikolay [14]

Answer:  

Monte Carlo Simulation

Explanation:

Monte Carlo simulation refers to a methodology used in monetary, program management, expense, and other prediction frameworks to know the impact of financial risks. A Monte Carlo model allows one to see all or most of the possible results in order to get a better understanding of the probability of a judgment.

In other words, Monte Carlo approaches can also be used in theory to address any issue with a deterministic explanation. By using the law of large numbers, by getting the empirical average of individual variable tests, integrals represented by expected value of a certain independent variables can be estimated.

4 0
3 years ago
Other questions:
  • When a firm competes in a relatively small geographically defined specific area, it is using a(n) _______ strategy?
    14·1 answer
  • The journal entry a company records for the payment of interest, interest expense, and amortization of bond discount is debit In
    11·1 answer
  • You are a marketing director for a large food manufacturer. lately, you have noticed that you are spending a great deal more tim
    13·1 answer
  • UPS, a delivery services company, has a beta of 1.4, and Wal-Mart has a beta of 0.9. The risk-free rate of interest is 4% and th
    11·1 answer
  • What is a critical factor in determining whether something gets produced as a public good?
    15·1 answer
  • Manufacturing overhead for the month was underapplied by $6,000. The company allocates any underapplied or overapplied manufactu
    12·1 answer
  • Which of the following is an indirect manufacturing cost in a manufacturing company?
    6·1 answer
  • The business judgment rule protects corporate officers and directors when: _________
    10·1 answer
  • When customers have questions about a product they've purchased, or problems using it, they can go online to the company's websi
    11·1 answer
  • Employer and Worker Responsibilities
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!