Answer:
When it comes to savings, a higher interest rate is the name of the game. It means a better return on your money. The interest rate is what the bank will pay you for the privilege of keeping your money.
Explanation:
For example, it’s not uncommon to get a .01% interest rate on a traditional savings or checking account, while interest rates on high-yield savings accounts can range anywhere from 1% to 1.35%. Here’s how that difference plays out in real life based on a balance of $10,000 after one year, assuming no additional deposits.
Type of savings account /Interest rate/ Balance after one year (based on
monthly compounding)
High-yield savings account/ 1.35% / $10,135.84
Traditional savings account/ .01% / $10,001
That’s a difference of about $135 a year — nothing to scoff at — but that gap starts to widen the minute you make monthly deposits to boost your savings.
For example, if you made $100 monthly deposits — the equivalent of $1,200 a year — your year-end monthly balance on the low-interest savings account would be $11,201.06, compared to $11,343.29 with a high-yield savings account. Over time, this adds up.
Answer:
The speaker (Shakespeare) in the sonnet praises his beloved by comparing his beloved to a “summer’s day is explained below in details.
Explanation:
Sonnet 18 is complicated and, at one level, it is as explained in the statement preceding. The nature of its opportunity quatrain is, admittedly, positive but, correspondingly disappointed by the restrictions of the sonnet custom and tradition and its application of stock comparisons, to display a love which the lover appears to surpass.
Answer:
- The court should look to the intention of the founders.
Explanation:
Originalism is associated with the legal doctrine that believes in interpreting or determining the meaning of the words, phrases, or statements mentioned in the Constitution in context of 'the intention of the founders or authors' for ratification of such a clause or law in the Constitution. The originalist philosophy says that the constitution is required to be interpreted on the basis of initial/original understanding or intent of the founders instead of interpreting it in the present context. Therefore, the court should determine the meaning of the constitutional phrase on this philosophy and 'look to the intention of the founders'.
