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
The Financials section of the Business Model Template consists of three boxes. The boxes are titled ________.
madreJ [45]

Answer:

revenue streams, cost structure, and financing/funding

Explanation:

4 0
3 years ago
Free 100 points + brainliest to Ambitious or below, will not give brainliest if higher than amb
Tomtit [17]

Answer:

What is the question?....

6 0
3 years ago
Read 2 more answers
Derst Inc. sells a particular textbook for $39. Variable expenses are $28 per book. At the current volume of 49,000 books sold p
Liono4ka [1.6K]

Answer:Annual fixed expenses = $ 539,000

Explanation:

Given;

break even point on books sold= $49,000

sales price per unit = $39

variable cost= $28

Using the formulae,

Break-Even point (units) = Fixed Costs ÷ (Sales price per unit – Variable costs per unit) or in sales

49,000   =Fixed cost / ( 39-28)

Fixed cost = 49,000  x 11

               = $ 539,000

Annual fixed expenses = $ 539,000

7 0
3 years ago
Last year Mike bought 100 shares of Dallas Corporation common stock for $35 per share. During the year he received dividends of
jolli1 [7]

Answer:

Rate of return is 13.2%

Explanation:

Rate of Return is the actual return that an investor receives from an investment in asset during a specific period of time. If the investment is made in the stocks, It includes the dividend received and the price change of the stock.

Total return Received = Dividend + Price change = $1.87 + ($37.75 - 35 ) = $4.62

Rate of Return = Total return During the period / Initial Price of the stock

Rate of Return = $4.62 / $35 = 0.132 = 13.2%

3 0
3 years ago
The process of when a product is recycled back into almost the same product, is called?
Setler [38]
When a product is recycled back into almost the same product it's called 'reuse.' There are three R's - reduce, reuse, and recycle. When a product, such as paper, is recycled and made again into paper or a paper product, this is called reuse.
5 0
3 years ago
Other questions:
  • An intoxicated guest asks for one last drink shortly after last fall, but the server already cashed out. Should the server bring
    11·1 answer
  • Which of the following are considered to be product costs under absorption costing? I. Variable manufacturing overhead. II. Fixe
    14·1 answer
  • When food lion grocery stores offer milk and eggs at all of its locations, it is providing customers with ____ utility.
    6·1 answer
  • Reginald's credit card statement states that his balance is $550. What does the term balance mean?
    14·2 answers
  • stock has a required rate of return of 10.25%, and it sells for $57.50 per share. The dividend is expected to grow at a constant
    14·2 answers
  • Bond J has a coupon rate of 5 percent and Bond K has a coupon rate of 11 percent. Both bonds have 14 years to maturity, make sem
    13·1 answer
  • 1<br> Which one of the following does not vary with output in the short-run?<br> А<br> Total revenue<br> B<br> Total costs<br> с
    7·2 answers
  • Conner walked past the candy section in the grocery store and quickly stuffed a handful of candy bars into her purse. A store se
    12·1 answer
  • Which inventory method results in the highest net income during periods of falling prices?
    11·1 answer
  • Corina has added animations to objects on a particular slide within a presentation. She needs to reorder the animations. How sho
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!