Answer:
The provided statement is TRUE.
Step-by-step explanation:
Compounding frequency is the frequency of the interest that is paid in a year.
Higher compounding frequency will return a higher future value along with the constant investment amount and time. Therefore for investment drives higher compounding frequency is favored.
A higher compounding frequency for an investment with the same original investment and time horizon would return additional interest and profit when compared to an investment with a lower compounding frequency.
Thus, the provided statement is TRUE.
Answer:
68
Step-by-step explanation:
0.7 rounds to 1 so add 1 to 67 to get 68
0.01. All you have to do is reverse it so divide .1 by 10
Answer:
Roughly 33%
Step-by-step explanation:
Answer:
$27.90
Step-by-step explanation:
Due the Laura and her sister being 2 people, we will be dividing the total by 2.
So,
55.80 ÷ 2 = $27.90
Both Laura and her sister will be paying $27.90 to split the amount evenly.
