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Blizzard [7]
3 years ago
8

Which best describes the difference between simple and compound interest

Business
2 answers:
saul85 [17]3 years ago
6 0

Answer:

While both types of interest will grow your money over time, there is a big difference between the two. Specifically, simple interest is only paid on principal, while compound interest is paid on the principal plus all of the interest that has previously been earned.

MA_775_DIABLO [31]3 years ago
4 0

Answer:

Simple interest is paid on large, long-term loans, while compound interest is paid on small, short-term loans. Simple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal.  Ask for details.

Explanation:

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The most important and volatile component of the current account in the U.S. balance of payments is:
astraxan [27]

Answer: net exports

Explanation:

Balance of payment simply shows the estimation of the inflows and outflow of a nation's money for a certain year. It should be noted that current account of the balance of payment consists of three main components which are the trade in Goods, the trade in services, and the transfer payments.

The trade in goods is segregated into imports and export. This therefore makes the net exports volatile and vital because it has higher share in a current account.

3 0
3 years ago
Mechem Corporation produces and sells a single product. In April, the company sold 2,000 units. Its total sales were $151,000, i
Aleks04 [339]

Answer:

See below

Explanation:

Sales

$151,000

Less:

Variable cost

($79,700)

Contribution margin

$71,300

Less:

Fixed cost

($56,600)

Ney profit

6 0
3 years ago
What are the most popular colors in the world
kodGreya [7K]

Answer:

Blue

Explanation:

5 0
3 years ago
Read 2 more answers
Kline Company refinanced current debt as long-term debt on January 5, 2019. Kline's fiscal year ended on December 31, 2018, and
nasty-shy [4]

Answer:

C.

Explanation:

As a current liability.  Are obligations of the company that are expected to get paid whitin the period of one year and include liabilities such as Accounts payable, short term loans, bank overdraft, interest payable and the other liabilities of the company that are current.

5 0
3 years ago
Providing incentives for customers to learn more about your service is known as
Advocard [28]
For your answer it’s letter c Because Providing incentives for customers to learn more about your services is known as Permission marketing
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