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bulgar [2K]
2 years ago
8

The advantage to savers and investors of receiving compound interest rather than simple interest is that future values are large

r because interest is earned on accumulated interest payments. Also, the difference in future values becomes smaller as time goes by.
a. True
b. False
Business
1 answer:
Maru [420]2 years ago
3 0

Answer:

B. false

Explanation:

over time it becomes larger because you are bringing in more money from interest sitting there

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Using the 20/10 rule, calculate the maximum amount to borrow if your net yearly income is $75,000
Delvig [45]
Using the 20/10 rule: you should never borrow more than 20% of your annual net income and monthly payments shouldn't be more than 10% of your monthly net income.

In this situation, we know the yearly net income is $75,000.
First we want to multiply 20% by $75,000  = $15,000 
$15,000 is 20% of your yearly net income.
This would be the most you'd want to borrow given the information provided. 
3 0
2 years ago
Assume you are now 25 and you want to have a million dollars by the time you are 65. if you can earn 6% per year, compounded ann
Trava [24]
You would have to invest 97,222
97222*6=5833.32 + 97222= 103055.32 Year one
103055.32*.06= 6183.32 = 109238.64 Year two
109238.64*.06= 6554.32= 115792.96 Year three
115792.96*.06= 6947.58 = 122740.54 Year four

3 0
3 years ago
English language learners (ells), who are typically immigrant children, are at a greater risk for lower socioemotional and acade
forsale [732]

A study of the growth of English language learners (ELLs) in first-time kindergarten students (N = 19,890) from kindergarten through eighth grade was conducted.

Growth curve analyses showed that, when other factors were held constant, ELLs continued to improve at a steeper rate on these social/behavioral outcomes than their native English-speaking peers.

In kindergarten, teachers rated ELLs more favorably on approaches to learning, self control, and externalizing behaviors than native English speakers did.

Depending on the grade at which English competence is reached, ELLs and native English speakers achieve reading and math skills differently.

To be more precise, ELLs who were proficient by the time they entered kindergarten kept up with native English speakers in both reading and math initially and over time.

ELLs who were proficient by the time they entered first grade had modest gaps in reading and math achievement compared to native English speakers that either narrowed or persisted over time.

Learning English before entering kindergarten is associated with superior cognitive and behavioral results through the eighth grade for students whose first language is not English.

To learn more about kindergarten here

brainly.com/question/16884560

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8 0
1 year ago
Boxwood Company sells blankets for $60 each. The following was taken from the inventory records during May. The company had no b
Sveta_85 [38]

Answer:

$136

Explanation:

Date      Transaction       Units         Cost           Total          

3             Purchase             5            $20             $100

10            Sale                     3

17            Purchase            10            $24            $240

20           Sale                     6

23           Sale                     3

30           Purchase           10             $30            $300

using the first in, first out method, the COGS is calculated based on the oldest price of the units in merchandise inventory:

6 units were sold on May 20th, 2 of them costed $20 (May 3rd purchase) per unit = $40, while 4 of them costed $24 (May 17th purchase) = $96. Total COGS = $40 + $96 = $136.

7 0
3 years ago
Bramble Corp. applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under-
ddd [48]

Answer:

$11,000 under applied

Explanation:

To compute the under or over applied overhead, we need to find out the predetermined overhead rate

Predetermined overhead rate = Total estimated manufacturing overhead ÷ Estimated machine hours

= $4,100,000 ÷ 500,000

= $8.2

Then, the overhead applied is;

= Actual machine hours × Predetermined overhead rate

= 495,000 × $8.2

= $4,059,000

Now, the under applied or over applied overhead is

= Actual annual overhead cost - Applied overhead

= $4,070,000 - $4,059,000

= $11,000 under applied

3 0
2 years ago
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