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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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Which phrase best describes a country's monetary base?
vampirchik [111]

Answer: all money in circulation throughout the economy

Explanation: apex

3 0
3 years ago
What is the main challenge of career planning in changing times?
White raven [17]

The answer is option B. The main challenge of career planning in changing times is that you need to revise your plans often.

The world we live in is dynamic. New inventions, new technology, new methods of doing things always come up with time.

Because of this, when making a career plan, one must be fully aware that the process is not static. That is, changes would occur and as such, you have to revise your plans often so that it is in line with what is obtainable at the time.

<em>Read more on career planning here: brainly.com/question/6457203?referrer=searchResults</em>

5 0
3 years ago
Where can you find information about the cost of goods sold as well as total
yawa3891 [41]

The adjusted trial balance represents the cost of goods sold as well as total sales. Thus, option D is correct.

<h3>What is the cost of goods sold? </h3>

Cost of goods means the direct cost that is included in the making of the goods. The cost of goods is calculated by adding the purchase price of the commodity and deducting the closing inventory.

A report known as an adjusted trial balance lists all the debit and credit firm accounts exactly as they would appear on the accounting records after reconciliations have been made. Therefore, option D is the correct option.

Learn more about the cost of goods sold, here:

brainly.com/question/14665160

#SPJ1

3 0
1 year ago
Correl Corporation has provided the following data concerning an investment project that it is considering: Initial investment $
Marianna [84]

Answer:

 A. $38,500 

Explanation:

The net present value is the present value of after tax cash flows from an investment less the amount invested.

Npv can be calculated using a financial calculator.

Cash flow in year 0 = $-190,000

Cash flow each year from 1 to 3 = $75,000

Cash flow in year 4 = $75,000 + $25,000 = $100,000

I = 15%

NPV = $38,417.21

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

6 0
3 years ago
Assume that we use a perpetual inventory system and that five identical units are purchased at the following dates and costs: Ap
quester [9]

Answer:

Cost of goods sold on April 25 is $13.80 and the inventory balance is $55.20

Explanation:

Data given:total unit

Cost of purchase with  data;

Date                  Amount

April 5                 $10

April 10                $12

April 15                $14

April 20                 $16

April 22                 $17

Total cost             69    

Average cost = total cost /total quantity

                       = 69/5

                       =13.8

The cost of the ending inventory is given on the balance sheet below

Date      Purchases              Cost of            Inventory Bal.   Avg Cost

                                            goods sold

April 5   $10* 1 unit= $10                -                        $10               10/1 = $10

April  10  $12* 1 unit=$12               -               10+ 12 = 22            22/2 = 11

April  15   $14* 1 unit=$14                  -           22+14 =36              36/3 = 12

April 20   $16* 1 unit= $16                  -          36 +16 =52            52/4 = 13

April 22    $17* 1 unit = $17                 -          52+17 =69            69/5 = 13.8

April 25             -           1 unit*13.8 = 13.80      69 - 13.8 = 55.20

5 0
3 years ago
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