Business, 11.04.2020 00:03 mocheal8216
This afternoon, you deposited $1,000 into a retirement savings account. The account will compound interest at 6 percent annually. You will not withdraw any principal or interest until you retire in forty years. Which one of the following statements is correct?
A) The interest you earn six years from now will equal the interest you earn ten years from now.
B) The interest amount you earn will double in value every year.
C) The total amount of interest you will earn will equal $1,000
Answers: 2
Other questions on the subject: Business
Business, 21.06.2019 13:00, evelynnn511
Shereen has accidentally overdrawn her checking account this month. , she has a little money in savings and can cover costs for now, but she has to find a way to reduce her monthly spending. which strategy will not shereen reduce her monthly expenses?
Answers: 1
Business, 22.06.2019 10:20, alayciaruffin076
What two things do you consider when evaluating the time value of money
Answers: 1
Business, 22.06.2019 13:20, kaylarenee05080
In order to be thoughtful about the implementation of security policies and controls, leaders must balance the need to reduce with the impact to the business operations. doing so could mean phasing security controls in over time or be as simple as aligning security implementation with the business’s training events.
Answers: 3
You know the right answer?
This afternoon, you deposited $1,000 into a retirement savings account. The account will compound in...
Questions in other subjects:
Physics, 17.10.2020 05:01
Mathematics, 17.10.2020 05:01
English, 17.10.2020 05:01
