Kramer just invested $7,200 for 7 years and will earn compound interest of 8.5 percent per year. justin also just invested $7,500 for 7 years and will earn simple interest of 9.5 percent per year. in 7 years, who will have more money and by how much?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Kramer just invested $7,200 for 7 years and will earn compound interest of 8.5 percent per year. justin also just invested $7,500 for 7 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
How is the measure of occupational prestige determined? a. Employers are asked how prestigious they believe their businesses are. b. Jobs are ranked according to how much they are paid. c. Employees are asked to evaluate the prestige of their jobs.
Answers (1)
When government intervention makes currency worthless, this condition is called deflation. hyperinflation. cost-push inflation. demand-pull inflation.
Answers (1)
Dabney electronics currently has no debt. its operating income is $20 million and its tax rate is 40%. it pays out all of its net income as dividends and has a zero growth rate. the current stock price is $40 per share, and it has 2.
Answers (1)
Given the following information, compute the total number of units for the period: Direct labor hours 13,100 Direct labor cost $2.
Answers (1)
Partial balance sheets and additional information are listed below for Monaco Company. Monaco Company Partial Balance Sheets as of December 31 2018 2017 Assets Cash $ 43,000 $ 21,500 Accounts receivable 63,000 93,000 Inventory 26,500 43,000
Answers (1)
New Questions in Business
Mickey, Mickayla, and Taylor are starting a new business (MMT). To get the business started, Mickey is contributing $200,000 for a 40 percent ownership interest, Mickayla is contributing a building with a value of $200,000 and a tax basis of
Answers (1)
On January 1, 2021, Corvallis Carnivals borrows $10,000 to purchase a delivery truck by agreeing to a 6%, three-year loan with the bank. Payments of $304.22 are due at the end of each month, with the first installment due on January 31, 2021.
Answers (1)
Runner's warehouse purchased digital watches for $92.99. its markup rate is 25% based on the selling price. what is the selling price
Answers (1)
Cirrus Aircraft, a leading manufacturer of small airplanes, sees a market opportunity and has decided to double its plant capacity over the next two years. What type of competitive action does this represent? A.
Answers (1)
What is the risk of overusing credit for a business?
Answers (1)