YES ALL MAJOR COMMITTES AND BOARDS OF THE GENERAL FRATERNITY
Answer: c) investment opportunities with superior returns.
Explanation:
Answer:
<em>All other variables held constant, investments paying simple interest have to pay significantly higher interest rates to earn the same amount of interest as an account earning compound interest.</em><u><em> </em></u><u>TRUE. </u>
This is a true statement because compound interest is based on the previous balance in addition to the interest earnings on the balance. It therefore accrues on a higher balance than simple interest which builds on the same amount of principal throughout. Simple interest would therefore need a higher rate to bridge this gap.
<em>Everything else held constant, an account that earns compound interest will grow more quickly than an otherwise identical account that earns simple interest.</em> <u>TRUE. </u>
An account earning compound interest would increase faster than an identical one using simple interest because compound interest is based on an accrued balance whilst simple interest does not change the balance it is based on.
<em>All other factors being equal, both the simple interest and the compound interest methods will accrue the same amount of earned interest by the end of the first year.</em> <u>TRUE. </u>
At the end of the first year, an assuming yearly compounding, both simple and compound interest will yield the same result because they would be based on the same principal amount.
Answer:
$2,160,000
Explanation:
if the sales per square foot are $800 and the area covered by the shoe department is 2,700 square feet, then total sales = $800 x 2,700 = $2,160,000
Sales per square foot are an important tool when measuring sales performance of brick and mortar stores, especially those located in malls. The malls with the highest sales per square foot are also expensive or premium malls, e.g. Bal Harbour in Miami Beach sells on average $3,185 per square foot.
After a car is purchased at $43000 and looses 25% worth every year then the car will be worth $9200 or less after four(4) years.
What does Purchase mean?
Purchase is a term used to refer to the acquisition of goods or services in exchange for money. It is a common business transaction and can involve buying something outright or entering into an agreement to pay for it over time.
What does Services mean?
Services is a broad term that refers to any type of work or activity performed to meet the needs of a customer. Services can range from professional services like accounting or consulting to tangible products like food or clothing. Services are typically intangible in the sense that they cannot be touched, felt, or seen, but the benefits they provide are very real.
As per the price of the car which is $43,000 and it looses 25% each year which is $10750. From this we come to know that the car will be worth of $9200 or less within 4 years.
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