Answer: 1. False
2. True
Explanation:
1. Compound Interest allows an investor to earn money on the interest that has already accrued to the investment instead of just on the original investment like Simple interest. For this reason, the future value of compound interest will always be larger than simple interest for the simple reason that Compound interest is being charged on an amount larger than the amount being used for Simpler interest.
2. The process of compound interest does indeed allow a depositor/ investor to earn interest on any interest earned in prior periods. For instance, if the interest rate on a $500 saving is 10% per annum and it is using Compound interest, in the first year the interest earned will be,
= 10% * 500
= $50
In the second year the interest earned will be,
= 10% * 500 + the previous year interest
= 10% * 550
= $55
Notice how the interest has increased.
Answer:
$1,443.75
Explanation:
The total cost for paving Sam's portion of the road = $35 per linear foot x 110 front feet = $3,850
If the city is going to pay 25% of the total cost, then it will pay $962.50, that would leave a total of $2,887.50 to be paid between Sam and his front neighbor. So Sam's share = $2,887.50 / 2 = $1,443.75
Answer:
C.
Explanation:
In marketing, when we are analizing the market segmentation we can divide in 4 categories.
Global Citizens and Global Dreamers are both positive toward international brands.
Global Citizens are concerned with corporate responsibility toward local country while Global Dreamers are less concerned.
The global agnostics don’t base decisions on origin of brand.
And the Antiglobals are negative toward international brands. John was skeptical about the quality of the goods because of the origin of the brand.
Answer:
$723,000
Explanation:
Calculation to determine what was Jennings reported net income in 2020
Using this formula
2020 Net income=(2019 Retained earnings-2020 Retained earnings)+ Total Dividend
Let Plug in the formula
2020 Net income=($2,681,000-$2,308,000)+$350,000
2020 Net income=$373,000+$350,000
2020 Net income=$723,000
Therefore Jennings reported net income in 2020 is $723,000
Answer:
Consumer price index; A consumer price index measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households.