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2 years ago

Which best describes the difference between simple and compound interest

Business

2 answers:

saul85 [17]2 years ago

6 0

Answer:

While both types of interest will grow your money over time, there is a big difference between the two. Specifically, simple interest is only paid on principal, while compound interest is paid on the principal plus all of the interest that has previously been earned.

MA_775_DIABLO [31]2 years ago

4 0

Answer:

Simple interest is paid on large, long-term loans, while compound interest is paid on small, short-term loans. Simple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal. Ask for details.

Explanation:

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Akers Company sold bonds on July 1, 20X1, with a face value of $100,000. These bonds are due in 10 years. The stated annual inte

Taya2010 [7]

Answer:

$76,620.83

Explanation:

According to the scenario, computation of the given data are as follows

Future Value (FV) = $100,000

Rate of interest = 10% yearly

Rate of interest (Rate) = 10%÷ 2 = 5% semiannually

Number of period (Nper) = 9 × 2 = 18

Face value = $100,000

Payment (pmt) = $100,000 × (6%÷2) = $3,000

By putting the value in excel present value formula, we get,

PV = $76,620.83

Attachment is attached below

6 0

2 years ago

If i'majuiceco. establishes a bottling plant in delaware, it will most likely use production technologies that require more work

AnnZ [28]

Answer:

D) Use production technologies that conserve on the number of workers.

Explanation:

7 0

2 years ago

From an economic point of view, which approach to controlling pollution is most efficient?

Elenna [48]

Answer:

B. Reduce pollution as long as the additional benefits are greater than the additional costs.

Explanation:

8 0

2 years ago

Which of the following statements about economic growth is accurate? The world’s sustained economic growth has only been occurri

irina1246 [14]

Answer:

<u>The world's sustained economic growth has only been occurring over the last 300 to 400 years.</u>

<u>Explanation:</u>

It is more accurate to say that sustained economic growth occurred over the last 300 to 400 years by considering when economic data became available.

Also, we need to bear in mind that a sustained economic growth implies a measurable period of economic expansion (growth).

6 0

2 years ago

When General Motors first began selling its Chevy Novas in Mexico, it could not understand the low sales volume at first. Then,

mafiozo [28]

Answer:

The correct answer is letter "B": Cultural similarities.

Explanation:

Cultural similarities refer to customs and special terms that for one region or country are widely accepted but not for others. Those actions or phrases could be exactly the same but carry a different or even negative meaning in different places. This is not limited to actions and terms used in day-to-day activities but also under formal circumstances.

5 0

2 years ago