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iogann1982 [59]
3 years ago
13

John just opened a savings account and wants to maximize the amount of interest he earns. Which of the following actions would e

nable him to earn MORE interest?
Business
1 answer:
jeka943 years ago
8 0
Since their is no choices he shouldn’t never touch the money and keep adding cash it increase it over time.
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investment is made at r percent compounded annually, at the end of n years it will have grown to A = P(1 + r)n . An investment m
bixtya [17]

Answer:

$1,500

Explanation:

Given the compounding formula A = P(1+r)^{n}

And given an investment (P), made at 16% compounded annually (r), and an ending amount of $1,740 (A) at the end of the year (n = 1 year), the original amount invested (P) can be computed as follows.

1,740 = P(1+0.16)^{1}

1,740 = P * 1.16

= P = 1,740/1.16 = 1,500.

Therefore, the original investment was $1,500.

3 0
3 years ago
Brian vargo, an auto repair mechanic who remains unemployed because he refuses to work for less than $1,000 an hour, is:
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The answer is he is not part of the labor force. Since the labor force is comprises of the employed and the unemployed. The remainder— persons who are neither employed nor unemployed are not in the labor force. This group comprises retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work. Since the mid-1990s, naturally fewer than 1 in 10 people not in the labor force stated that they want a job.
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3 years ago
If the expected sales volume for the current period is 7,500 units, the desired ending inventory is 263 units, and the beginning
pentagon [3]

Answer:

Total production for the current period is expected to be 7420 units.

Explanation:

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What factors are not important in determining exchange rate fluctuations in the long​ run?
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<span>speculating in currency markets</span>
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Leslie is at the store with $60 in her purse. She sees two shirts that she wants that each cost $25. There is also a jacket she
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2 is better than 1. if she buys the jacket she Will only have $5 left but if she buys both shirts she Will spend $50 and have $10 left to buy whatever else she wants that is less than $10

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3 years ago
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