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ahrayia [7]
3 years ago
9

The effect of saving for a holiday by investment compared to paying off a holiday loan?

Business
1 answer:
german3 years ago
3 0

The effect of saving for a holiday by investment compared to paying off a holiday loan

Explanation:

It is better to paying off a holiday loan compared to saving for a holiday.

Simple math suggests it's probably better to pay off debt rather than adding to your emergency fund, or, for that matter, saving for other, more distant concerns, such as holiday. If you're paying more interest than you're earning in interest, you're losing money.

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John has $ 1.35 $1.35 in nickels and dimes in his pocket. He has six more nickels than he does dimes. How many of each does he h
Eduardwww [97]

Answer:

John has 7 dimes and 13 nickels

Explanation:

let N = nickels

let D = dimes

5N + 10D = 135

N = D + 6

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7 0
4 years ago
In its first 10 years a mutual fund produced an average annual return of 20.4420.44​%. Assume that money invested in this fund c
mr Goodwill [35]

Answer:

3.73 years or 4 years approx

Explanation:

The computation of the number of years taken for money invested for double is shown below:

As we know that

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where,

We assume the principal be P

And, the amount is 2P

And, the other values would remain the same

So,

2P = P (1 + 0.2044 ÷ time period)^ 1  × time period

2 = (1.2044)^ time period

Now take the log both sides

ln2 = ln (1.2044)^time period

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So,

time period = ln(2) ÷ ln (1.2044)

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3 0
4 years ago
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Answer:

7.7 per direct labor hour

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3 years ago
If you had to pay for your “wants” on your own, how does that affect your ability to acquire them?
Alisiya [41]

Answer:

yes

Explanation:

If you have to buy it yourself you will have the risk of losing hard earned money, so you end up conteplating weather you really want it.

4 0
2 years ago
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