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3 years ago

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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While noreen was driving down the highway, she saw two cars on the side of the road. she noticed that no one was hurt and that n

AfilCa [17]

Based on the information that has been given above, it is likely that the information has been stored on Noreen's short term memory. The short term memory is where memories could be stored in a short period of time, it could be determined or seen above as Noreen had saw the cars on the road but could no longer remember their colors as it was stored on her short term memory.

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3 years ago

Higher consumer prices are likely to be accompanied by:

Naddika [18.5K]

Higher consumer prices are likely to be accompanied by D. higher interest rates. It leads<span> to increasing the company's cost of raising capital ant then to higher cost production.</span>

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3 years ago

The relationship between employer and employee can be thought of in terms of a(n) ____, a description of what an employee expect

nydimaria [60]

Answer:

The answer is: psychological contract

Explanation:

Psychological contracts are the expectations or promises exchanged between the parties; employer, employee, or even fellow employees, in an employment relationship. They are not written contracts, but they often implicit or understood between the parties. For example, an employee expects that if he or she works really hard, eventually he or she will receive a promotion or a salary raise.

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3 years ago

The Fed is the lender of last resort, which means _______. A. if the Fed cannot meet its obligations, it can borrow from othe

Elena-2011 [213]

Answer:

The correct answer is letter "C": if depository institutions are short of reserves, they can borrow from the Fed.

Explanation:

The Federal Reserve (Fed) is the central bank of the United States and is in charge of reviewing and passing monetary policies, regulations on banks and supervising their activities. The Fed serves as a lender of last resort in cases when banks cannot meet their minimum financial obligations and there is risk the collapse of those financial institutions will affect the overall economy.

Therefore, <em>if a depository entity is short of reserves, other banks must be the first resource of aid but if the institution cannot get the funds from other banks, the Fed acts as the last resource the depository entity could rely on.</em>

7 0

3 years ago

Widget Maker Manufacturing uses job costing. In May, material requisitions were $ 44 comma 600 ($ 39 comma 700 of these were d

katen-ka-za [31]

Answer:

The beginning raw materials inventory balance is $10,900

Explanation:

In this question, we apply the formula ending balance of raw material which is shown below:

Ending balance of raw material = Beginning balance of raw material + purchase of material - material requisitions

$24,900 = Beginning balance of raw material + $58,600 - $44,600

$24,900 = Beginning balance of raw material + $14,000

So, the beginning balance of raw material

= $24,900 - $14,000

= $10,900

7 0

3 years ago