Information systems for management. focuses on the development, usage, and effect of information systems utilized inside an organization, as well as behavioral and technical concerns related to these topics.
A management information system (MIS) is a type of information system used in organizations for information coordination, control, analysis, and visualization as well as decision-making. People, procedures, and technology are all involved in the organizational setting of the study of management information systems.
What three different types of management information systems are there?
Operational-level systems, management-level systems, and strategic-level systems are the three primary kinds of information systems that serve various organizational levels.
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Answer:
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Explanation:
Answer:
Compound interest will lead to a larger sum of money than a comparable simple interest payment.
Explanation:
The true statement is that compound interest will lead to a larger sum of money than a comparable simple interest payment because the interest are compounded for a certain number of times such as daily, weekly, quarterly or annually while simple interest isn't compounded at all.
To find the future value, we use the compound interest formula;
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Mathematically, simple interest is calculated using this formula;
Where;
S.I is simple interest.
P is the principal.
R is the interest rate.
T is the time.
