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Ulleksa [173]
3 years ago
10

Why does compound interest earn more than simple interest

Business
1 answer:
bonufazy [111]3 years ago
5 0

Answer:

Answer to the following question is as follows;

Explanation:

Compound interest accelerates the growth of money because, in response to gaining returns on the investment you invest, you also gain revenue on those yields at the conclusion of each compounding period, which might be daily, monthly, bimonthly, or yearly.

The amount owed of a loan or investment is used to calculate simple interest. Compound interest, on the other hand, is calculated using the principle amount and the inclination that accumulates on it over time.

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The answer is attached below

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Over the last two years the consumer foods market has shifted toward a desire for healthier foods. The product manager of a brea
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Josh needs to find out if the new product is considered and healthy and desirable by the new customers.

Explanation: The focus group is a qualitative method used in marketing for getting a deeper understanding of customer preferences. Is designed to have initial insights before a product goes to market. Essentially, the research team try to identify if potential customers spontaneously associated expected characteristics with the new product, and this trigger the action of buy the product (it is valuable to them). In this case, Josh has to find out if the new cereal is considered healthier, and it is as important for the focus group to buy the cereal.

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On January 1, Borge Inc. issued $3,000,000, 8% bonds for $2,817,000. The market rate of interest for these bonds is 9%. Interest
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At the end of the first year, Borge should report unamortized bond discount of a. $169,470.

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3 years ago
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60%

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