tomsm's Investment account at his bank has compounding Interest. He Isn't sure if this is a positive thing for his investment. What is the BEST advice you can offer Tom? OA. Ask your bank to compound the interest less frequently. OB. Withdraw your investment immediately because compounding Interest is a scam. OC. Invest in a bank that doesn't offer compounding Interest so there is less risk. OD. Keep your account open and you will earn more on Interest you've already earned. Reset Next reserved.​

Answers

Answer 1

Answer: Keep your account open and you will earn more on Interest you've already earned

Explanation:

Since Tom's investment account at his bank has a compounding interest, the best advice that'll be offered to Tom is to keep the account open and he will earn more on Interest than what he has already earned.

It should be noted that compound interest makes ones money grow faster. The reason for this is due to the fact that the interest is calculated based on the accumulated interest that the individual has earned over time and the original principal.

Therefore, it isn't advisable for Tom to withdraw his money or ask the bank to compound the interest less frequently but rather, he should keep the account open as he'll earn more interest.


Related Questions

Why might it be risky to purchase a preowned vehicle from a
private owner?

Answers

Private owners usually do not pay extra to preform any car checks before selling. Purchasing from a dealer they will preform quality checks on vehicle.

explain one short term metaphors of finance for a start up or established small business

Answers

Answer:

Short-term finance can be defined as any financing that a borrower pays off over a shorter repayment period. More specifically, though, short-term finance refers to any loan that a business pays off in under a year

Your friend Marco loves being on his phone and interacting on social media. He knows that you are studying different careers and asks you what kinds of careers he might consider that would allow him to learn more about communications. You know that advances in telecommunication are always being introduced, and in the future more and more people will be needed in the Energy cluster to design, create, advertise, and sell new ways of communicating. List two careers that he could pursue along the telecommunication pathway. What kind of skills or talents would he need in these two careers? How could he gain the talents or skills to succeed in these two careers?

Answers

Network manger, Hardware Designer. Skills you need for hardware designer are Hardware, Analog and Firmware. For Network Manger the skills you need are Strong analytical skills, Strong multitaskers and Excellent problem solving skills. Hope this helped! And there are plenty more skills I just picked some out.

Answer:

Computer Software Engineers or Computer programmers

Explanation:

To become a Computer Software Engineer, you would need to be good at problem solving and logical thinking, Teamwork, Computer programming and coding, Software development, Written and verbal communication and a bit more.

To become a Computer Programmer, you would need to be good at mathmatics, communication skills, writing skills, learning concepts and applying them to other problems, self-motivation, and a couple more.

Select the correct answer from each drop-down menu.
Complete the sentences about career exploration by correctly filling in the missing information.
As you start to review the various career options available to you, you’ll notice that not every career will require ____ Instead, you can prepare for a job in that field by attending a technical school, undergoing on-the-job training, or completing_____
.
1.
A. a background check
B. a college degree
C. skills
2.
A. a job application
B. an apprenticeship
C. an interview

Answers

Answer:

1-B. a college degree 2-B. apprenticeship

As you start to review the various career options available to a person, person notice that not every career will require a college degree Instead, a person can prepare for a job in that field by attending a technical school, undergoing on-the-job training, or completing an apprenticeship. Thus, options 1. (b) and 2. (b) are correct.

What is the job?

The term job refers to employment in a particular company. The company pay amount on employees is also known as a job. The job has created the opportunity for building a career. A job is support to the financial earn and built experience. There are producers, builders, thinkers, and Improvers.

A person decided that every career does not necessarily require a college degree. Compared to the best option, the best option is searching for a job and learning technical knowledge, and gaining the ability to perform the work efficiently and effectively. on-the-job training and completing an apprenticeship.

As a result, a college degree is not necessarily as compared to an apprenticeship. Therefore, options 1. (b) and 2. (b) are correct.

Learn more about the job, here:

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The reading suggests that if you decide partway through an interview that the candidate is not right for the job, you
should:

Answers

Answer: Remain Pleasant and positive, and let them know when you’ll make a decision

Explanation: just took the test

Role playing exercises using video recording and and playback would be most effective for which type of training?

Answers

Answer: Sales training

Explanation:

Role playing exercise is used to find out how fit a person is to carry out a role for a job or an operation by training them with life experiences and access them by the outcome. Although it is usually linked with the military but it's a welcome development when considering those who would love to enroll for sales development kind of jobs. As videos are replayed with instructions on how the intern on the sales job can motivate or inspire his or her client to buy her product. These videos played would instruct the intern on various pattern and method on approaching sales development.

. There are many different types of role play exercises and these are tailored to specific jobs.

Someone who diversifies investments is more likely to

Answers

Answer:

offset their losses with gains.

Explanation:

Answer:

offset their losses with gains.

Explanation:


What is the decrease in the overall value of an asset called?
ОА.
depreciation
OB.
deceleration
Ос.
amortization
OD
disinvestment


Answers

Answer:

C Amortization

Explanation:

Because I am smart

Answer:

depreciation

Explanation:

What is the Congress or Legislative branch?

Answers

Answer:

The legislative branch is made up of the House and Senate, known collectively as the Congress. Among other powers, the legislative branch makes all laws, declares war, regulates interstate and foreign commerce and controls taxing and spending policies.

Explanation:

Which one of the following is most likely to result in an increase in producer surplus in the market for cow's milk? (WITH EXPLANATION PLEASE)
A) consumers switching from cow's milk to soya milk
B) health care highlighting problems of consuming cow's milk
C) an advert highlighting the benefits of cow's milk
D) an increase in indirect taxes charged on cow's milk

Answers

A because if the firm is switching from cow milk to soya milk, suppler will be threatened and will be motivated to produce in large supply

Discuss reasons why communication may break down between co-workers regarding work matters, (4) Discuss how technology can be helpful in maintaining a healthy financial life.

Answers

Answer: 1) Lack of communication plan; this is a situation where the organization doesn't provide adequate training and orientation on how workers should communicate amongst each other.

2) Toxic and Stressful work environment; a toxic and stressful work environment can affect communication in a work environment. For people to communicate very well there have to be a great atmosphere for that and not that filled with hatred or so much work load.

Explanation:

Challenges in work environment is something that's inevitable sometimes, here are the following reasons why communication may break down between co-workers regarding work matters;

1) Lack of communication plan; this is a situation where the organization doesn't provide adequate training and orientation on how workers should communicate amongst each other.

2) Toxic and Stressful work environment; a toxic and stressful work environment can affect communication in a work environment. For people to communicate very well there have to be a great atmosphere for that and not that filled with hatred or so much work load.

3) Partial judgement; this could be defined as a situation where either the management staff has a bias concerning some workers over the others or the workers have some form of bias against themselves which clouds their judgement

Technology can be helpful in maintaining a healthy financial plan by helping you plan your savings and investment. Today we have many firms who came up with plans technology-wise on how individuals can save some amount of their money and get reasonable interest rate. They're other platforms where investments are been born out of through technology. The main purpose is that they help you keep a healthy financial plan both by saving and investments.

Use the following information for the Quick Study below. Skip to question [The following information applies to the questions displayed below.] Park Co. is considering an investment that requires immediate payment of $30,455 and provides expected cash inflows of $9,400 annually for four years. Assume Park Co. requires a 7% return on its investments. QS 24-3 Internal rate of return LO P4 1-a. What is the internal rate of return? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.) 1-b. Based on its internal rate of return, should Park Co. make the investment?

Answers

Answer and Explanation:

a. The computation of the internal rate of return is shown below:

Given that

The expected cash inlfows would be $9,400 for four years each

Rate of return is 7%

The Initial investment is $30,455

Based on the above information

The net present value is

= $9,400 × PVIFA factor for 7% at 4 years - $30,455

= $9,400 × 3.3872 - $30,455

= $31,840 - $30,455

= $1,385

Now the present value factor is

= $30,455 ÷ $9,400

= 3.2399

Now based on the factor table, the rate should be 9% for four years

b. Yes depend upon the internal rate of return, the park co should make the investment

How do you do the buss it challenge

Answers

Answer:

buss it. .

Explanation:

just buss it :)

You install Tiktok, you open it then make an account, then search up
"Buss it challenge"
Select one of the videos and tap on the bottom right corner.
It should look like a disc.
Then tap the red camera shaped button and get yourself ready. Play until the song starts to fade out then quickly pause the video.
Change the location of your cam then Buss it until the end.

Teachers, parents, school groups, quality peers and mentors are just a few resources we can lean on in life.
O True
O False

Answers

true
teachers, parents, ect are always there for you whenever you trip on your path in life
True and more people we can look up to

it takes a baker 30 minutes to decorate 25 cupcakes, how long does it take the baker to decorate one cupcake.?​

Answers

Answer:

72 seconds or 1.2 min for one cupcake

Explanation:

30 min/25 cupcakes = 1.2 min per cupcake

1.2 min times 60 seconds = 72 seconds

this type of business allows an individual to operate under the name and guidelines of a company that is already fully established​

Answers

Answer:

franchises

Explanation:

A franchise is a method of distributing products or services involving a franchisor, who establishes the brand's trademark .

Latoya has a lot of doctor’s visits coming up, and her children all need vaccinations for the upcoming school year. Which type of insurance would be MOST helpful to her in this situation? A. health insurance B. permanent life insurance C. whole life insurance D. term life insurance

Answers

Answer:

Health insurance

Explanation:

The other insurances listed are all insurances paid out when you die.

Health insurance is the type of insurance would be most helpful to her in this situation. Hence, option A is correct.

What is health insurance?

Health insurance is the insurance in which the medical emergency is covered in the insurance, basically this insurance is related to the health expenses that may be occurred in the future like surgical, and dental expenses. Medical and health-related expenses are covered by a type of insurance coverage called health insurance.

Regular care, medical emergencies, and chronic illness management are all partially or fully covered by health insurance. An insured person's medical, surgical, and dental costs, as well as the price of their prescription medications, are covered by health insurance. It might be covered either directly by the healthcare provider or through reimbursements.

Thus, option A is correct.

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One disadvantage of using a company’s tuition reimbursement program is that _______. a. You may have to extend your contract with the company b. Your ongoing education costs will rise considerably c. It may decrease your job satisfaction if you become more skilled d. Ongoing education has been proven to decrease worker motivation Please select the best answer from the choices provided A B C D

Answers

Answer:

a.

You may have to extend your contract with the company

Explanation:

.

The cyclical deficit rises during economic expansions. True or false

Answers

Answer:

false

Explanation:

Historically, the deficit has been highly countercyclical, meaning that it rises during economic slowdowns and falls during expansions. This countercyclicality is driven by both the spending side and revenue side and by both discretionary or “activist” policies and automatic or “passive” policies

Answer:

False

Explanation:

Most people across the globe have similar access to technology information. Yes or no? Why?

Answers

False. A great example would be North Korea compared to the United States. In the United States we have the Freedom to Speech so we also have the the opportunity for news and social media where you can post pretty much anything. North Korea on the other hand lacks informing their own people and their own people lacks a stable and healthy government. We don’t know a lot about North Korea and they don’t know anything at all about us or the rest of the world.

A company sells its products for $80 per unit and has per-unit variable costs of $30 so the contribution margin per unit per unit is $50.

Answers

Answer:

the contribution margin per unit is $50

Explanation:

The computation of the contribution margin per unit is shown below:

Given that

The Selling price per unit is $80

And, the per unit variable cost is $30

Based on the above information

the contribution margin per unit is

= Selling price per unit - variable cost per unit

= $80 - $30

= $50

hence, the contribution margin per unit is $50

Economic is consider as science or an art.explan?​

Answers

Answer:

economic is comsider as art

The Midwest is known for corn production. Mosaic, a horizontal consolidation of Cargill and IMC Global, supplies farmers with fertilizer that has helped double their corn yield. Small towns from Topeka to Abilene feature processing plants and storage granaries, where the corn is processed and stored before being transported to food manufacturers.


A. Commodity processors provide products to food manufacturers.

B. Farmers provide crops to commodity processors.

C. Food manufacturers provide products to grocery stores and restaurants.

D. Input suppliers provide seeds and fertilizer to farmers.

Answers

The answer to the question is farmers provide crops to commodity processors

Read the following.

A former official with the U.S. Treasury, Peter Fisher, once called the U.S. government “a gigantic insurance company.” This is because more than two-thirds of federal government spending goes toward programs set up to protect people from losses. The government provides a payment program for workers and in return promises to help pay for certain losses during some kinds of emergencies. In the United States, workers pay the federal government a certain percent of taxes, and the money is put into giant funds. The citizens can then turn to these programs for financial help when it is needed.

Source: Pew Research Center’s FACTANK, “What does the federal government spend your tax dollars on? Social insurance programs, mostly,” by Drew DeSilver (4/4/2017)

Explain how the federal government could be characterized as offering forms of “insurance.” Introduce the subject. Make two points. Conclude. Your response should be between 75 and 150 words.

Review the rubric for the grading criteria.

Answers

Answer:

Explanation:

Insurance protects people. Many federal government programs protect people from losses.  So the government can be considered as offering insurance. For example workers pay into a program which will provide payments during emergencies. Another case is federal taxes which fund various financial assistance programs. In conclusion, the federal government provide "insurance" to people.

Answer:

Explanation:

Federal government provides programs that are like insurance. That is because the programs support people in need while charging everyone through taxes. Social security is one such program which is an insurance against retirement and you pay social security tax for it. Another is unemployment benefits from the government. It is insurance against losing your job and is paid through taxes.

What should be included in your retirement plan?
A the amount of social security you expect to earn
B the amount of money you have in other accounts
C pension amounts from your former employers D all of the above ​

Answers

Answer:

A

Explanation:

because when you have social security then you are able to secure your money or pension

Answer:

A

Explanation:

because when security are around your money will safe

Which one of the following statements about private goods is true? (WITH EXPLANATION PLEASE)
A) there is non-rivalry in their consumption
B) there is non-excludability in their consumption
C) it is possible to exclude people from consuming them
D) the free-rider problem makes it difficult for firms to make a profit

Answers

C because some people can not afford to buy private goods which leads them to be excluding them from the products a firm makes

Vermilion Inc., a manufacturer of high-technology medical devices, has its product development centers located in the United States and South Korea. The manufacturing units are located in China and the Philippines to benefit from low-labor costs and access to original equipment manufacturers. This allows the company to competitively price its devices. Also, the various phone models sold by the company are uniform in all the foreign markets it operates in. In this scenario, which of the following strategies does Vermilion most likely pursue?
A) international strategy
B) multidomestic strategy
C) global-standardization strategy
D) transnational strategy

Answers

Answer: Global-standardization strategy

Explanation:

Global-standardization strategy could be defined as using a model to market a product globally. It's the scenario where an organization uses the same marketing strategy of a product across various countries. The advantage of this is that it results in global brand coverage and makes reduction for cost.

Vermilion Inc. has her product produced in various countries but uses the same marketing model or strategy to sell globally, this method is known as Global-standardization strategy

A callable bond:
A. would usually have a lower yield than a similar non-callable bond.
B. is attractive to the buyer because the immediate receipt of principal and premium usually produces a higher return.
C. is more apt to be called when interest rates are high because the interest savings will be greater.
D. generally has a higher credit rating than a similar non-callable bond.
E. is attractive to the issuer because it allows the issuer to prepay outstanding debt if new debt can be issued at lower rates.

Answers

Answer:

cookies

Explanation:

no reason

Which of the following is NOT something you might have to do for the driving skills test?

Answers

Answer: Practice being stopped by the police

Explanation:

The options include:

A. Perform a three-point turn

B. Park on a grade

C. Practice being stopped by the police

D.Use proper driving posture

A driving skill test helps in assessing whether an individual can operate a vehicle safely. The test is usually made up of the basic control skills test and also the on-road driving test.

Some of the things that are done during a driving skills test include:

• Perform a three-point turn

• Park on a grade

• Use proper driving posture.

It should be noted that during a driving skill test, the individual doesn't practice being stopped by the police.

Answer:being stopped by the police

Explanation:

the segment of a chromosomes that control each characteristicl​

Answers

Answer:

Gene

Explanation:

Gene is defined as basic unit of heredity found in living organism

Genes can be regarded as the

segments of deoxyribonucleic acid (DNA) which encompass code for a specific protein that has it's functions in the types of cell or cells in the body.Chromosomes are regarded as the structures contained within cells which contains Gene of a person. Genes are been contained in chromosomes, and are in the nucleus of the cell. There are 23 pairs of chromosomes contained in each one of cells in our body, one comes from our father and other chromosome from our mother, each of this chromosome has certain number of recipes, this recipe is regarded as as 'genes' which are recipe for proteins and protein are essential components needed for life.

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