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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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Your grandfather started his own business 52 years ago. He opened an investment account at the end of his third month of busines
Yakvenalex [24]

Answer:

The answer is:D) $226.78

Explanation:

To calculate the amount of money your grandfather deposited every 3 months during 52 years to get $289,209.11 we can use an excel spreadsheet and the payment function =PMT(rate,nper,pv,fv)

where:

  • rate = 5.73% / 4 = 1.4325%
  • nper = 52 x 4 = 208
  • pv = 0
  • fv = 289,209.11

PMT = $226.78

6 0
3 years ago
What are the constraints of business legislation?
Reika [66]

Answer:

A business may be constrained by a variety of licensure and other regulatory requirements, based on the industry and activities the business wants to pursue. For example, a lawyer must obtain a legal license in a particular state before he can open a practice in that state.

6 0
3 years ago
you are invited to play the following game: an urn holds two white and three black balls, and you draw three balls randomly. If
NemiM [27]

Answer:

That is why i did not play this game.

Explanation:

Lets i have initially $100 .

There are  2 white and 3 black balls.

I have to draw 3 balls

If i draw no white balls, i lose $10; if i draw one white ball, i lose nothing; and if i draw both white balls, you gain $10.

So the final fortune =x

x = 100 x 1/2 x 1/2 x 3/2 x 3/2

x= $56.25

That is why i did not play this game.

5 0
3 years ago
As women and minorities move up the management hierarchy, they're often finding it an easy road to travel.
Andrej [43]
The answer is false is is harder to move up because of racism and not wanting women to lead
4 0
3 years ago
Number of WorkersUnits of Output 00 110 290 3126 4150 5165 6180Refer to above data. Diminishing marginal returns become evident
kakasveta [241]

Answer:

The answer is "The third worker".

Explanation:

Please find the correct question in the attachment file.

\text{Number of Workers}      \ Units \ of \ Out-put          \text{marginal Product}\\\\      1\ \ \ \ \ \ \ \ \ \ \ \ \ \   40\ \ \ \ \ \ \ \ \ \ \ \  \ \  40  \\\\2 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 90 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 50\\\\  3 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 126 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 36\\\\  4 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 150\ \ \ \ \ \ \ \ \ \ \ \  \ \ 24\\\\  5 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 165 \ \ \ \ \ \ \ \ \ \ \ \  \ \ 15\\\\  6\ \ \ \ \ \ \ \ \ \ \ \  \ \ 180\ \ \ \ \ \ \ \ \ \ \ \  \ \ 15

from 50 units down to 36 units.

3 0
3 years ago
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