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german
3 years ago
5

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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What is shared decision-making? For personal finance urgent!!
iren2701 [21]

Shared decision-making, as implied by the name, is when two or more parties negotiate and decide on any financial decisions. The most common example of this is married couples who have to decide how to handle their shared income and resources.

7 0
3 years ago
Read 2 more answers
The main function of this tool is to reproduce the measurements of am object to any size
Rasek [7]

Answer:

TRIANGULAR SCALES  A tool generally used when reproducing a drawing in an enlarged or reduced for to some regular proportion.  Its main function is to reproduce the measurements of an object in full size, reduced size, and enlarged size.

Explanation:

I hope it helps..

5 0
2 years ago
The difference between the price of a nominal bond paying off $1 in nominal terms tomorrow and the price of a real bond paying o
tatuchka [14]

Answer:

creo que es true por qué luego luego se ve no se bien o no creo que te ayude perdón si no te ayuda

4 0
3 years ago
Suppose that, in a competitive market without government regulations, the equilibrium price of hamburgers is $7 each. Indicate t
Monica [59]

Answer:

Price floor non binding

Price ceiling binding

Price ceiling binding

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

A. The minimum price is less than the equilibrium price, thus it is a non binding price floor

b. The maximum price is less than the equilibrium price, thus it is a binding price floor

c. Restaurants that would want to pay better wages are unable to do so. This means that there is a binding price maximum in place

5 0
3 years ago
Wesley Electronics Inc. is a company that manufactures electronic gadgets. The marketing team of the company spends a great deal
sashaice [31]

Answer:

B. designing and implementing marketing mixes.

Explanation:

Marketing mixes means the use of various tactics, tools or/and techniques employed by an organization in promoting their brand or product to the market or target consumers. It is the combination of various components in order to strengthen a product in the market. It involves combining various techniques to influence consumers to purchase an organization's product. Here, Wesley electronics designs and implements marketing mix by employing various methods of advertising, such as print, broadcast, and online advertising.

6 0
2 years ago
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