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Answer:
I think it's A sorry if im wrong
Step-by-step explanation:
HELP ME OUT PLS!!!!!
A student is preparing to enroll in a private college in 3 years. The first year of tuition will cost $4,500.
What is the minimum amount the student will need to save every month in order to pay for the first year of tuition?
A) $125
B) $1,500
C) $375
D) $29
Answer:
Compound interest is interest paid on interest. ... The longer you invest your money, the higher your interest payments will grow, not only on your original amount but on the additional interest you earn each year. This is what makes compounding interest so powerful.
Step-by-step explanation:
1/1: Interest rates are always expressed as a percentage over an annual time period. 1/2:When interest is compounded annually, the amount of money accumulated in one year is the same under either a simple or compound interest scenario.