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3 years ago

Summarize how compound interest helps you to accumulate savings even faster.

Business

1 answer:

yulyashka [42]3 years ago

4 0

Answer:

The magic of compound interest happens in a way that the more you put in, the faster your money grows.

Explanation:

The magic of compound interest happens in a way that the more you put in, the faster your money grows. The interest you earn on the amount you save also earns interest and this snowballing effect makes you accumulate your savings even faster. For example, if you deposit $100 in a savings account that pays 5% interest per year. At the end of the year, you account will have (5%*100= 5) plus the $100 you deposited, coming to a total of $105. At the end of the second year, your $5 interest earned in year 1 will earn another 5% interest and so will the $100 you initially deposited.

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The monetary arrangements made at bretton woods resulted in what type of exchange rates assigned to member nations’ currencies?

Kay [80]

The monetary arrangements made at bretton woods resulted in <u>fixed </u>exchange rates assigned to member nations’ currencies.

<h3>What is fixed exchange rate?</h3>

Fixed exchange rate can be defined as the way in which currency does not varies but it is fixed.

When an exchange rate is fixed this means that the currency of a nation or country is fixed to another country currency and does not fluctuate or vary.

Therefore the monetary arrangements made at bretton woods resulted in <u>fixed </u>exchange rates assigned to member nations’ currencies.

Learn more about fixed exchange rate here:brainly.com/question/11160294

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3 0

1 year ago

On July 1, 20X1, James and Short formed a partnership. James contributed cash. Short, previously a sole proprietor, contributed

Brrunno [24]

Answer:

James and Short LLC

Short's capital account on July 1, 20X1 should be recorded at the fair value of contributed property minus the mortgage liability, which the partnership assumed.

Explanation:

The fair value of contributed property is the current market value of the contributed property by Short. It is the market value that will determine how the contributed property can be valued. The market value assumes that the contributed property is being sold in pieces and not as a whole. This is why the value is considered a fair basis for recognizing the capital contribution of Short into the partnership.

3 0

3 years ago

According to the U.S. Small Business Administration (SBA), to officially count as "small," _____.

VashaNatasha [74]

Answer:

Explanation:

im sorry i just need points sorry ask someone else sorry ;)

7 0

3 years ago

The following exchange demonstrates which problem-solving technique the issues we are having with the design is similar to the i

levacccp [35]

Answer: Question Assumptions

Explanation:

3 0

3 years ago

Harris Co. is considering a 12-year project that is estimated to cost $900,000 and has no residual value. Harris seeks to earn a

masha68 [24]

Answer:

annual income = $70,292.52

Explanation:

initial outlay $900,000

in order to determine the net cash flows per year we can use the present value of an ordinary annuity:

PV = annual cash flow x annuity factor

PV = $900,000
annuity factor, 15%, 12 years = 6.1944

annual cash flow = $900,000 / 6.1944 = $145,292.52

annual cash flow = [(revenue - operating costs - depreciation) x (1 - tax rate)] + depreciation

revenue - operating costs - depreciation = annual income
tax rate = 0?
depreciation = $900,000 / 12 = $75,000

$145,292.52 = annual income + $75,000

annual income = $145,292.52 - $75,000 = $70,292.52

3 0

2 years ago