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fenix001 [56]
4 years ago
15

What is one advantage of keeping your money in a savings account

Business
1 answer:
balu736 [363]4 years ago
4 0

The advantage of keeping your money in a savings account is that you can withdraw money whenever you want from your account.

<u>Explanation:</u>

Unlike the long term investments which are withdrawn only upon maturity.

The initial investment is also very low which is depending on the type of savings account., as compared to the long term investment.

People who need to frequently deposit or withdraw amount in their bank accounts prefers savings account.

It also deals with small amount withdrawn or deposit.

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The highest number because in money the highest fee is the most money

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3 years ago
You belong to a group of local entrepreneurs that owns a 10-acre blueberry farm. You could farm the land yourselves, or rent it
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Answer:

b) $5,000

Explanation:

Provided that

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The price of the land next year = $78,000

Renting it out will cost per year = $7,000

So, the economic depreciation would be

= Market price to sell the land this year - The price of the land next year

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And, the total return would be

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8 0
3 years ago
Mark Johnson saves a fixed percentage of his salary at the end of each year. This year he saved $2,000. For each of the next 5 y
IrinaVladis [17]

Answer:

Mark will have $19,878.70 at the end of six years

Explanation:

Use the following formula to calculate the present value of cash flows

PV =  A [\frac{1 - (\frac{1+g}{1+r})^n }{r - g} ]

Where

A = Investment = $2,000

g = growth rate = 4%

r = 15%

n = 6

Placing values in the formula

PV = 2,000 [\frac{1 - (\frac{1+0.06}{1+0.15})^6 }{0.15 - 0.06} ]

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Now calculate the future value in order to determine the amount Mark will have at the ned of six years

Future value =  PV ( 1 + r )^n

Where

PV = $8,594.11

r = 15%

n = 6

Placing values in the formula

Future value =  8,594.11 ( 1 + 0.15 )^6

Future value =  $19,878.70

8 0
3 years ago
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What taxes does the federal government collect?
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Income taxes, payroll taxes, and corporate income taxes 
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4 years ago
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