Meg invested $16,000 in a savings account. if the annual interest rate is 6%. In 5 years for quarterly compounding is $ 21,549.68.
<h3>What is interest rate?</h3>
- The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum).
- The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.
- The interest rate over a year is known as the annual interest rate.
- Other interest rates are applicable over shorter time frames, such a day or a month, but they are typically annualized.
<h3>What is saving account?</h3>
- An account in a retail bank is a savings account.
- Common characteristics include having a finite number of withdrawals allowed, not having check or connected debit card facilities, having few transfer choices, and not being able to become overdrawn.
- Savings account transactions were typically recorded in a passbook in the past, hence the term "passbook savings accounts," and bank statements were not typically supplied.
- Nowadays, same transactions are typically recorded electronically and are available online.
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Please state these fees please?
When there is an increase in the current account deficit, this will place <u>downward pressure</u> on the home currency value and other things equal.
<h3>What is a deficit in
current account?</h3>
A deficit in current account happens when total value of goods and services a country imported exceeds the total value of goods and services exported.
Hence, in that situation where there is an increase in the current account deficit, this will place <u>downward pressure</u> on the home currency value and other things equal.
Therefore, the Option D is correct.
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Upper-level management is most likely putting pressure on leon to manage the schedule and budget
<h3>What is management?</h3>
To accomplish a goal, tasks are coordinated and managed through management. These administrative tasks involve determining the organization's strategy and coordinating the staff's efforts to achieve these goals by utilizing the resources at hand. The seniority hierarchy of employees within a company is another definition of management.
Planning, communication, organization, and leadership are just a few of the talents you'll need to master in order to become a successful manager. In order to successfully direct personnel, sales, and other activities, you'll also need to have a thorough understanding of the company's objectives.
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An Ava banana bread and a little sister is gonna is she up and to go get to the dance shower was next time I she wanna
