why is a higher interest rate important when saving money
(A) it pays interest on principal and interest
(B) it means a person will owe the bank less over time
(C) it grows savings at a faster pace
(D) it requires a lower amount be deposited each month

Answers

Answer 1

Answer:

C.

Explanation:

I believe it is C. because I'm pretty sure its talking about the interest which is where you receive some money from the bank for keeping you money there or whatnot.

Answer 2

The correct option is (C). it grows savings at a faster pace is a higher interest rate important when saving money.

A higher interest rate means that the saver will earn more interest on their savings, which will grow their savings at a faster pace.

Option (A) is incorrect because interest is only paid on principal, not on interest.

Option (B) is incorrect because a higher interest rate will not mean that a person will owe the bank less over time.

Option (D) is incorrect because a higher interest rate does not require a lower amount to be deposited each month.

Here is an example to illustrate this point. Let's say you have $1,000 in a savings account with an interest rate of 1%. After one year, you will have earned $10 in interest.

If the interest rate on your savings account were 2%, you would have earned $20 in interest after one year. Therefore, a higher interest rate will help your savings grow at a faster pace.

A higher interest rate will help your savings grow at a faster pace because you will earn more interest on your savings.

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Related Questions

3 × 5 = 15 , True or False​

Answers

Answer:

True

Explanation:

3x5=15 so, if you keep 5 three times 5,5,5. First you add 5+5=10 then finally you add that final 5. 10+5=15.

Hoped it helped.

Answer:

100% true

Explanation:

3*5 = 15

if you are unsure, then you can do this

111 + 111 + 111 + 111 + 111 = 15

You are in charge of purchasing supplies for a lighting company and need to buy 125 feet of electrical wire. A local supplier sells the wire for $1.25 per foot, plus 5% sales tax. An online company sells the wire for $1.75 per foot. The online company also offers a rebate of 10% for the whole order and charges no additional sales tax. If you choose the better of the two prices, how much will you pay for the 125 feet of wire?

Answers

Answer:

$164.06 for the 125 feet

Explanation:

total costs from brick and mortar store = ($1.25 x 1.05) x 125 feet = $164.06

total costs from online store = $1.75 x (1 - 10%) x 125 feet = $196.88

after you compute the total costs per store, you should purchase the electrical wire from the brick and mortar store

Which of the following factors is unique to B2B buying and is not typically found in B2C buying?
Multiple Choice
- Decisions are usually made by individuals
- Most purchases are made at “list price” with cash or credit cards.
- There are a limited number of large buyers, often geographically concentrated in a specific area.
- Demand is based on consumer needs and preferences.
- Buyers engage in limited term or one-time-only relationships with many different sellers.

Answers

Answer:

There are limited number of large buyers, often geographically

Explanation:

5. What laws exist between parents and children?

Answers

Parents have a legal right to custody their own child. Parents are legally required to support their minor children basically providing food, clothing, shelter, and basic care.

How are wealth and savings related?

Answers

Answer:

Wealth is an abundance of money and if you are good with your savings are a way you can get wealth

Given below are lease terms at the local dealership. What is the total cash
due at signing?
Terms:
• Length of lease = 36 months
• MSRP of the car = $15,500
• Purchase value of the car after lease = $9500
• Down payment = $2600
• Monthly payment = $425
• Security deposit = $375
• Acquisition fee = $300

Answers

Answer:

$3,700

Explanation:

The total cash due at signing will consist of the deposit, monthly payment, security depoist and the acquisition fee.

The total is

=$2600 + $425 + $375 + $300

=$3700

What is your primary source of investment funds?
A. Saving or personal income
B. Pension or retirement
C. Insurance payout
D. Inheritance
E. Gift
F. Sale of business or property
G. Something else​

Answers

Answer:

A. Saving or personal income

Explanation:

The purchasing power of peoples' income is most affected by what?
a.The rate of inflation
b.The trade deficit
c.The balance of payments
d.The value of foreign currency

Answers

The rate of inflation

Explanation:

WHAT ARE MANAGED SERVICE OPERATIONS?​

Answers

Managed services operations are operations which are related to food services.
“Managed services operations are operations which are related to food services. In managed services operator needs to meet necessities of both guests and clients. Most of the managed services need to prepare food in large quantities.”

what's an economy? how does it work?

Answers

What is an economy:

The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.

How does it work:

The three principles that describe how the economy as a whole works are: (1) a country's standard of living depends on its ability to produce goods and services; (2) prices rise when the government prints too much money; and (3) society faces a short-run tradeoff between inflation and unemployment.

Hope this helps :)

Saving for College. You want to create a college fund for a child who is now 3 years old. The fund should grow to $60,000 in 15 years. If an investment available to you will yield 6% per year, how much must you invest in a lump sum now to realize the $60,000 when needed? (Hint: Use Appendix A.2.)

Answers

Answer:

present value  = $25035.90

Explanation:

given data

future value = $60,000

rate = 6% = 0.06

time period = 15 year

solution

we get here present value that is express as

present value = [tex]\frac{future \ value}{(1+rate)^{time}}[/tex]     ........................1

put here value

present value = [tex]\frac{60000}{(1+0.06)^{15}}[/tex]  

solve it and we get

present value  = $25035.90

What is the value of y in the equation below?

6(y - 1.5) = 30

Answers

Answer:

x=3

Explanation:

Answer:

y = 6.5

Explanation:

i did it on paper

Please help me!! I have trying to find the answer but I don’t know it.

Answers

Answer:

Math Skills - Nate adds up the hours worked at calculates the amount earned by each of his employees.

Networking Skills - Darrick researches his competitors to find out how much they charge for pet sitting, to make sure he can tell customers that his rates are reasonable.

Listening Skills - Tina interviews potential customers to find out what improvements they think she could make to her product.

Speaking Skills - Diego gives a presentation to a panel of potential investors.

Writing Skills - Vlad makes a flyer that describes his company's products.

Organizational Skills - Maria fills all orders for her unique bracelets within one week.

Developing Respect - Kathleen has lunch with her aunt once a month to get advice and find out about potential investors she could contact.

Manual transmissions are being discussed. Technician A says that if it requires gear oil, to always use GL-5 rated oil to protect the synchronizers. Technician B says that if it requires engine oil that you should add a friction modifier to it. Who is correct? A. Technician A B. Technician B C. Both Technician A and B D. Neither Technician A or B

Answers

Answer:

The correct Technician is;

Technician B

Explanation:

API GL-5 gear oils does not meet transmission oil specifications as an API GL-5 oil can produce up to 400% the amount of copper observed when used oil is carried out than GL=4 gear pols, such that the synchronizers in transmission having synchromesh are made ineffective due to wear

Friction modifiers changes the amount of friction between transmission components and engine components.

When friction modifier are added to engine oil used in manual transmission,  it reduces the friction by modifying the friction coefficient of surfaces in contact and moving in relation to each other such that wear is reduced

Modern manual transmission engines require more protection than the manual transmission of older car engines which includes the presence of friction modifiers

Therefore, only Technician B is correct.

Should Monics and Ami use a loan or their personal funds to finance their business startup? What other alternatives might they consider?

Answers

Answer:

Explanation:

Financing Business and Personal Aetivities money to start a basiness might result in financial difficulties later on for the business. If you use your own savings to start a business, you might face personal financial problems. What should you do? The answer is not easy. However, you would need to consider sales, expenses, and cash flow in making your decision. Initial sales for the 3D printing business are estimated at $2,200 a month. Sales are expected to grow about 10 percent every six months. However, from this sales various besiness expenses miast be deducted. These include rent, utilities, supplies, advertising, salaries, and insurance. s there is incressed interest in and market opportunities for 3D printing, Monica and Ami have decided to purchase equipment that would serve the marketing needs of various local basinesses. Their 3D printing business would provide product prototypes, innovative marketing materials, and ereative point-of -sale displays. The cost of the equipment and other business start-up expenses are estimated at s6,400. Monica and Ami need to decide whether to use their personal funds or take out a loan to launch the business. A major cause of business failure is poor cash flow. Monica and Ami need to carefully monitor their cash inflows from sales and their cash outflows for business expenses. Creating and maintaining a cash flow statement is a vital record keeping activity for every business. Monica and Ami hope to establish a consistent cash flow from regular eustomers that is complemented by additional revenue from holiday season sales and new eustomers As they plan to move forward with their new enterprise, Monica is interested in obtaining a loan to finance the business startup. Ami believes they should use their personal funds. Monica believes a loan would cause less stress on their personal assets and allow them to maintain needed funds for personal financial emergencies Ami is concerned about the risk of the loan in the event they are not able to make the required payments. Before they move forward, this difference between the owners must be resolved.

Based on the given information, they can opt for personal funds to finance their business startup or might consider an angel investor to invest by pitching with a business plan.

What is a business startup?

The organizations that are concentrated on a specific good or service that the entrepreneurs intend to offer to the public and make attractive to consumers are referred to as Startups.

One can invest their own money in their company, designating it as either equity or a loan and depositing the funds into their business account using a check. Several business owners classify it as equity.

If they don't want to spend their own money, they can hunt for angel or investor funding where they can pitch their business proposal to acquire money for their venture and product promotion.

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Macroeconomics is the branch of economics that focuses on:
A. comparing the lifestyles of poor and wealthy citizens.
B. economic principles affecting entire countries.
C. helping people find jobs when they're unemployed.
D. financial problems affecting individual families.

Answers

Answer:

B. economic principles affecting entire countries.

Explanation:

Macroeconomics is the part of economic studies that studies the economy of a country as a whole. In this branch of economics, the aggregate income, growth, expenditure and inflation are considered. The performance of the entire economy is measured under macroeconomics. National income, Gross domestic product, inflation and unemployment fall under the macroeconomic studies.

Answer:

economic principles affecting entire countries

Explanation:

i took the test

Do you think that marketers view the changes taking place in promotions and advertising as exciting or burdensome challenges? Explain.

Answers

Answer: Burdensome

Explanation: Because they may now have to change their ideas they had planned prior to the changes, because these ideas may not market as well as they would have before the changes.

Which of these is true about the national unemployment rale!
A. All citizens are included in the labor force.
B. All people 18 years or older are counted as part of the labor force.
C. It is always at 6%.
D. It is never at zero.

Answers

Answer:

D. It is never at zero.

Explanation:

The unemployment rate is described as the percentage of the labor force that is jobless but actively seeking work. The labor force comprises an adult population that is currently working or seeking employment.

The unemployment rate is never at zero. At every moment, there is frictional unemployment as people switch jobs or new college graduates seeking their first job. There is also unemployment due to economic seasons. Even when the economy is considered to be at full employment, the unemployment level is not at zero but at around 3 to 5 percent.

Which words means finds its food; a consumer.?

Answers

Answer:

The word that means finding its food is hunting

how many tines in earth does the sun intersect equartor​

Answers

Answer:

два

Explanation:

1. If the price of the share grows as the company grows, how does buying 25 points
shares in a company benefit an investor?
a. An investor will be able to sell these shares for a lower price and make a profit.
b. An investor will be able to sell these shares for a higher price and make a profit.
c. An investor will be able to enjoy free services from the company they bought shares
from.
d. An investor will be able to put the company on their resume.

Answers

Answer: b. An investor will be able to sell these shares for a higher price and make a profit.

Explanation:

Capital gains are a way to earn a return from owning stock in a company. They involve buying stock at a certain price and then selling the stock when the price increases. The difference between the selling and the buying prices is your capital gain.

This is the benefit to the investor here. If they buy a stock that grows with the company. They will be able to sell at a higher price eventually such that they will make a capital gain.

Materials from a source text without property citing the source is an example of plagiarism -(drivers Ed).

Answers

Answer:

True

Explanation:

Plagiarism is presenting somebody's else works, words, ideas, or concepts as one's own. Plagiarism may be deliberate or unintentional.  It is copy and pasting another person's work 'word for word' knowingly or unknowingly.

Plagiarism mostly occurs when one uses another person's word acknowledging or crediting the author. It means plagiarism can be avoided by properly citing the original author.

Answer:

c

Explanation:

you should try to get the lowest interest rate possible in which situation

(A) you are lending money to a bank
(B) you are borrowing money from another person
(C) you are lending money to another person
(D) you are putting money in a savings account

Answers

Answer:

B. you are borrowing money from another person

Explanation:

rest is you giving money to others which if you could youd want higher interest rates for

Answer:

You are borrowing money from another person.

Explanation:

Khalil is a network engineer for a bank with branches all over the world. Why would Khalil’s position be very important to his company?

FASTTT

Answers

Answer:

Their role is important because they plan, construct, and manage networks to ensure they're optimized and functioning as intended. They're responsible for the foundation of an organization's IT system.

Explanation:

Answer:

Khalil’s position is indeed very important at his job. First of all, his job consists of working with computers, servers, network devices and other devices that are connected to one another. Devices that are connected to each other allow data to be shared, at Khalil’s job this is very important because the bank that he works for has branches all over the world and it is a key for the company to have good communication between all of the banks. Careers like Khalil’s are extremely important in our society today because of the fact that most of the communication in today’s jobs and schools is done virtually. Without network engineers our society would not function as is does now.

Script between manager and customer while returning a product? ​

Answers

Answer:The principal thing you need to do when there's any issue, paying little heed to who's to blame, apologizes and pass on sympathy. You need to help settle their issue, yet you likewise need to ensure that their interests are heard and perceived. The contents underneath will cover the fundamental issues of value blunders, request misunderstandings, and other item related issues.

At the point when the inaccurate delivery address is entered. It would appear that your request transported to some unacceptable location. So heartbroken about that. We will send another [product name] to your location, and it ought to show up inside the following week.

At the point when an item is rarely conveyed: So sorry to learn that, [insert name]. Allow me to raise your request so we can perceive what occurred and get another [product name] shipped off you.

I'm so heartbroken about the mistake. We should perceive what we can do about amending your request.

At the point when the item is gotten broken: I'm so grieved about that. In the event that you send a photograph of the harmed [product name], we'll feel free to convey another [product name]. Obviously, in the event that you'd like a discount, we can feel free to deal with that for you, also.

I realize this is not exactly ideal. In any case, I must converse with my chief and see what we can concoct to determine your issue. Is it alright in the event that I [call/email/message] you back once we have a goal? I guarantee it will not take longer than 24 hours.

At the point when the item isn't what they expected: I'm sorry to such an extent that the [product name] wasn't what you anticipated. Might you want to return or trade your [product]? Continue with a discount/merchandise exchange.

At the point when the item is an alternate tone or size than what they requested: I'm so grieved about that, let me feel free to convey the right size/shading that you at first arranged. I will email you headings for restoring the item that we erroneously sent and send your [correct product] at the present time.

So heartbroken, [customer name], It appears we committed an error and sent the receipt to some unacceptable email. We're going on and resend your notice; you ought to get it inside 24 hours.

Explanation:

In order to start a successful company, it is important to rely on other people to do all the work for you. True False​

Answers

Answer:

False!

It's best to have people to rely on, but also do the work yourself!

Answer:

Mama... False

Explanation:

False Joe mama

Subject: Accounting
Please answerr

On 1 May Sally owed William $400. On 21 May she purchased goods, list price $1440, subject to a trade discount of 25%. She returned one third of these goods on 24 May.How much did Sally owe William on 31 May? Include working.
A $630 B $720 C $1030 D$1120


Answers

Answer:

D) $1120

Explanation:

The goods Sally purchase were $1440, and with the 25% discount, she would have paid $1080, because 25% of $1440 is $360. Since she returned 1/3, she would have only spent $720, because $1080/3 is also $360. $720+$400 from the beginning would be $1120

Answer:

l believe the answer is a

am I correct or not? lmk​

Answers

Answer: the answer is actually event marketing I only know that because when I was in normal schooling we played Quizlet all the time

am I right or nah? lmk​

Answers

Answer:I think you are right!Have a great day!! ♥︎

Chase lives in Oregon but works for a company that is located in Florida what businesses trend is this an example of

Answers

Answer: remote workforce business trend.

Explanation:

Answer: the answer is remote workforce

Explanation:

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