1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
soldier1979 [14.2K]
2 years ago
15

The difference between _______ interest and compound interest is that the amount of compound interest earned gets (bigger or sma

ller) ___________ every year.
Business
1 answer:
mihalych1998 [28]2 years ago
7 0

Answer:

<em>The difference between </em><em><u>simple</u></em><em> interest and compound interest is that the amount of compound interest earned gets (bigger or smaller) </em><em><u>bigger</u></em><em> every year.</em>

________________________________

<em>What</em><em> </em><em>is </em><em>simple</em><em> </em><em>interest?</em>

<em>Simple interest. Money paid only on principal, or money borrowed or invested.</em>

<em>What</em><em> </em><em>is </em><em>compound </em><em>interest?</em>

<em>T</em><em>he </em><em>interest </em><em>which </em><em>is </em><em>a</em><em>dded </em><em>to </em><em>the </em><em>initial </em><em>investment</em><em>,</em><em> </em><em>so that this will gain interest in subsequent time periods.</em>

You might be interested in
Tom and Suri decide to take a worldwide cruise. To do so, they need to save $15,000. They plan to invest $2,500 at the end of ea
8_murik_8 [283]

Answer: $18,808.25

Explanation:

There is a constant cashflow of $2,500 making this an annuity.

The future value of the $2,500 paid every year for 6 years at 9% will be;

Future value of Annuity = 2,500 * Future Value of Annuity factor, 6 periods, 9%) (refer to attached table)

= 2,500 * 7.5233

= $18,808.25

The future value of the amount is more than the amount they would require.

8 0
3 years ago
Give examples of various costs Attending college involves incurring many costs. Give an example of a college cost that could be
Delvig [45]

Explanation:

i would have to define each of these costs and then assign the best college costs that represents it

a. sunk cost

A sunk cost is a cost that cannot be gotten back, this kind of caost has already being incurred. an example of this college cost would be tuition fee for the past semesters.

b. discretionary cost

this is a cost that the student can survive without. also known as avoidable cost. the cost here would be the amount of money the student spends on dues.

c. commited costs

comitted costs are confirmed costs that the student has to make for services or goods to be taken. this college cost would be book prices

d. opportunity cost as we know is the alternative forgone. that is what was forgone in order to take to schooling. this would be all earnings from working that the individual has foregone since he or she is now a college student

e. this could also be called the incremental cost. thius kind of cost is different between alternatives in in situations where one has to make choices or alternatives. this college cost would be expenditure on attending one school over another school.

f. allocated cost

a cost that is allocated based on the activities that were done while making the product. this would be fee that is charged to a full time college student per course

5 0
3 years ago
____________________ was a major reason why the United States changed more towards a mixed market economy.
Setler [38]

Answer:

The American Revolution

Explanation:

8 0
4 years ago
The Ford Fusion Hybrid SE uses hybrid fuel technology with the latest in lithium-ion battery technology to deliver more power, c
Leona [35]

Answer:

evaluative criteria

Explanation:

In marketing, evaluative criteria refers to the factors that consumers use to evaluate different products or services, and the brands that produce them. These factors include both objective attributes (e.g. fuel economy) and subjective attributes (e.g. like or dislike the design).

5 0
4 years ago
A firm has total assets of $638,727, current assets of $203,015, current liabilities of $122,008, and total debt of $348,092. Wh
Alexxx [7]

Answer:

E. 1.20

Explanation:

The formula and the computation of the debt-equity ratio is shown below:

Debt equity ratio = (Total debt ÷ Shareholders’ Equity)

where,  

Total debt = $348,092

And, the shareholder equity would be

= Total assets - total debt

= $638,727 - $348,092

= $290,635

So, the debt - equity ratio would be

= $348,092 ÷ $290,635

= 1.20

3 0
3 years ago
Other questions:
  • As a trophy property, the price offered for the office building may say more about the continuing robust financial health of wea
    11·1 answer
  • Barker company paid cash to purchase two identical inventory items. the first purchase cost $18.00 cash and the second cost $20.
    13·1 answer
  • Free market economies offer distribution methods for goods and services based on _____ .
    11·2 answers
  • Credit collections are ​% two months following the​ sale, ​% in the month following the​ sale, and ​% in the month of sale. The
    6·1 answer
  • A firm has a debt-to-equity of 0.69 and a market-to-book ratio of 3.0. What is the ratio of the book value of debt to the market
    7·1 answer
  • Consider the following three stocks: Stock A is expected to provide a dividend of $10 a share forever. Stock B is expected to pa
    9·1 answer
  • Consider four different stocks, all of which have a required return of 15 percent and a most recent dividend of $4.20 per share.
    14·1 answer
  • What tab do I use to get to the table of contents on a word document?
    12·1 answer
  • Six sigma teams use the ________ method when improving a product or process that already exists, and the ________ method when de
    14·1 answer
  • Effective sales management begins with _______. determining sales goals to be met by the sales force determining the most effici
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!