The main benefit that a 401(K) provides for a person over an IRA is that of e. <u>Employer's contribution. </u>
<h3>What separates an IRA from a 401(K)?</h3>
An Individual Retirement Account (IRA) by definition is a pension investment vehicle that is funded by the person who uses it to save for their retirement.
401(K)s on the other hand, have the benefit of being contributed to by employers. This allows for higher amounts to be invested, and lower amounts to be used for investing by the person who owns the 401(K).
Find out more on types of Individual Retirement Accounts (IRA) at brainly.com/question/13032524.
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Answer:
1,048,576 bytes
Explanation:
1 MB = 1048576 bytes
This is how the conversion works;
1 MB = 1024 kilo bytes
1 KB = 1024 bytes
1 MB = 1024* 1024 = 1048576
So, that's how it work it is not 1000 as many believe it's 1024. So the conversion is done as written above. Many people confuse it that 1 MB is equal to 1000 KB which is not true. it is equal to 1024 KB
Answer:
I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan
Explanation:
The two options can be expressed as shown;
Option 1: Bank Wan
A=P(1+r/n)^nt
where;
A=Total amount after a given time
P=Initial deposit
r-Annual interest rate
n=number of times the interest is compounded annually
t=number of years of the investment
In our case;
P=$1,500
r=2.5%=2.5/100=0.025
n=365 days
t=1 year
Replacing;
A=1,500(1+0.025/365)^(365×1)
A=1,500(1.02530
A=1,537.97
Total amount after a year=$1,537.97 for Bank Wan
Option 2: C-T Bank
P=$1,500
r=3%=3/100=0.03
n=2
t=1
Replacing;
A=1,500(1+0.03/2)^(2×1)
A=1,500(1.015)^2
A=1,545.3375
Total amount after a year=$1,545.3375 for C-T Bank
Total amount received to be received from C-T Bank-Total amount to be received from Bank Wan
=(1,545.3375-1,537.97)=$7.3675
I would choose to invest in C-T bank since it offers $7.3675 more compared to Bank Wan
Consumption efficiency (Ec) is defined as a ratio, expressed as a percentage: a final output's effectual value divided by its potential value
