Answer:
$7.77
Explanation:
The answer would be the difference between compound and simple interest
Simple interest = principal x time x interest
$1,410 x 0.03 x 4 = $169.20
Compound interest = future value - present value
future value = Principal ( 1 + interest)^n
$1,410 ( 1.03)^4 = $1586.96
$1586.96 -$1,410 = $176.97
Difference = $176.97 - $169.20 = $7.77
Explanation:
Consumers buy products for their own use, while businesses buy goods to use in their continuing activities and resell to consumers. Customers appetite and the need for manufacturing supplies force organizations to buy products in greater quantities than people.
Answer:
False
Explanation:
history has documented that the Great Recession occurs between December 2007 to June of 2009. The recession lead to losses in countries such as the output went down and unemployment went up. The causes of the Great Recession are Rising Inequality, Loosening of bank lending rules and rise of mortgage securitization.
Technological advance is hand in hand with capital formation. Productivity growth rates is of utmost importance due to the fact that productivity growth rates have a big impact on future economic growth and development of the new economy was due to advances in information technology.
In general, it is true that if the frequency is higher, then you make more money. For example, suppose you have a capital 1$ and the interest rate can be either 50% compunded annually or 25% compounded semiannually (same total interest in a year, different compounding rate). In the first case you get 1.5$ back at the end of the year, while in the second case after 1 semester you have 1.25$. After 2 semesters, you have 1.56$. You cannot make infinite money this way though; you can at most gain a factor of 2.7 by reducing the intervals of compounding.
The correct answer is the highest frequency, namely when the interest is compounded as frequently as possible (as long as the total interest rate is the same).
<span>This is the principal-agent problem. This occurs when an individual is able to make decisions or choices that impact others at the company or in fact the company as a whole.</span>
