The correct option is D.
Checking account is appropriate for Jorge in this situation because he plans to remove the money from his account in a few weeks time.
The major difference between saving account and checking account is that, saving account is majorly used to save and accumulate money for a medium or long time goals or for emergencies. The banks can count on the money staying in saving account for some time and a great part of it is not hold on reserve.
But a checking account is an instant access account. Money put in this account are usually hold in reserve by the banks because the owners can decided to withdraw at any time; banks can lend out money from checking accounts, so they make money on the accounts by charging fees.
Answer:
<h3>B. provide financial services to customers at no cost.</h3>
Explanation:
i hope it helps :)
Answer:
28.3%
Explanation:
The formula to calculate the final amount for compound interest is:
where
A is the final amount
P is the principal
r is the rate of return
n is the number of times the interest is compound in a time t
t is the time
Here we have:
P = $12,000 is the principal
A = $87,881 is the final amount
t = 8 y is the time (8 years)
n = 1 , since interest is compounded every year
Therefore, solving for r, we find the rate of return:
![\frac{A}{P}=(1+r)^t\\r=\sqrt[t]{\frac{A}{P}}-1=\sqrt[8]{\frac{87,881}{12,000}}-1=0.283=28.3\%](https://tex.z-dn.net/?f=%5Cfrac%7BA%7D%7BP%7D%3D%281%2Br%29%5Et%5C%5Cr%3D%5Csqrt%5Bt%5D%7B%5Cfrac%7BA%7D%7BP%7D%7D-1%3D%5Csqrt%5B8%5D%7B%5Cfrac%7B87%2C881%7D%7B12%2C000%7D%7D-1%3D0.283%3D28.3%5C%25)
This is a question of random questions about your preferences and decision making, which can be a tool for identifying your personality traits.
<h3 /><h3>Why is personality traits important?</h3>
Personality corresponds to the set of psychological characteristics that a person can develop through their experiences and learning. Through such characteristics, the individual develops patterns of thought and behavior that will influence his social and professional life.
Therefore, in the academic and professional environment, there may be instruments such as tests and interviews to identify the individual's personality and greater understanding of their actions and motivations.
Find out more about personality traits here:
brainly.com/question/7375078
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