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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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How has Chinese economic growth benefited the Australian economy?

Radda [10]

Answer:

First, rising wages and consumer demand will increase demand for more sophisticated manufactured goods (where Australia has some niches of excellence, for example, in medical devices) and for services such as tourism (where China is already an important market).

( I found this on a website called Aph.gov.au

full credit to them and their work. Check them out for more info on your topic)

8 0

4 years ago

The Academic Computing Center has five trainers available in its computer labs to provide training sessions to students. Assume

tia_tia [17]

Answer:

Total actual utilisation = 1,710 unit

Explanation:

Given:

Design capacity = 1,900 units

Effective capacity = 90%

Actual output = 1,500 units

Total utilisation = ?

Computation of Actual unit utilise:

Total actual utilisation = Design capacity x Effective capacity

Total actual utilisation = 1,900 x 90%

Total actual utilisation = 1,900 x 0.9

Total actual utilisation = 1,710 unit

8 0

3 years ago

Carlyle called economics the dismal science after reading the early work of.

aniked [119]

Answer:

Malthus

Explanation:This would be a very long explination; however, the answer is Malthus.

7 0

3 years ago

Last year Madd Hatter, Inc. bought baseball caps for $3 each and sold them for $9. This year, the company’s supplier is charging

cestrela7 [59]

The gross profit per cap will decrease and the gross profit ratio will decline

4 0

4 years ago

A machine has the initial cost (at time zero) of $150,000, an annual maintenance cost of $2,500, and a salvage value of $30,000.

just olya [345]

Answer:

the equivalent uniform annual worth of owning and operting the machien at 5% diiscount rate:

$17,610.88

Explanation:

we will bring each exceptional value to present date and then calcualte the PTM of that

First step:

present value of eahc lump sum:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

overhaul:

Maturity 45,000

time 5

$\frac{45000}{(1 + 0.05)^{5} } = PV$

PV 35,258

Services:

20,000 year 4 = 16,454.05

10,000 year 8 = 6,768.39

salvage value

30,000 10 years = 18,417.40

<u>total present worth:</u>

150,000 + 6,768.39 + 16454.05 + 35258 - 18,417.40 = 190,063.04

now we calcualtethe PTM of this present value

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV $190,063.04

time 10

rate 0.05

$190063.04 \div \frac{1-(1+0.05)^{-10} }{0.05} = C\\$

C $ 15,110.881

we add the 2,500 maintenance cost

$17,610.88

This will be the equivalent uniform annual worth of owning and operting the machien at 5% diiscount rate

6 0

4 years ago