Abbie is in high school and saves money from her afterschool job to buy a car after she graduates from college. She wants a new car but knows it will cost more than $20,000. By her freshman year, she has saved $12,000. Which of the following would most help her have the most money by graduation?
The correct answer is letter B: A compound interest account.
If you’ve got money in a savings account, your money will grow due to compound interest. Interest is money the bank paid to you as a reward it is a percentage and generally expressed per annum (interest is proportional to the amount of money you have deposited).
Compound interest is a rate that is applied to the principal and any prior interest earned (that's to say interest on interest). So over a period of time, it is very profitable.
Answer:
Andrew Jackson ignored a Supreme Court ruling and forced the Cherokee to move.
Answer:
The Monroe Doctrine granted the United States the ability to independently intervene in the trading economy. Having the ability to act alone and be neutral to war situations allowed them to make economic decisions based off of what they felt was best for them to prosper.
Explanation:
Phones were made and steam engines and stuff like that
