yofavdanceiyanaandar yofavdanceiyanaandar
  • 11-05-2020
  • Business
contestada

How do simple interest and compound interest affect your saving

Respuesta :

junbeckham123
junbeckham123 junbeckham123
  • 11-05-2020

Answer:

Investment interest increases your savings, but loan interest increases your debt. Simple and compound interest allow your money to work for you by earning additional income. ... However, if you borrowed money for an investment, the interest on the loan works against you in the same way.

Explanation:

Answer Link

Otras preguntas

If the price of a soda was 15 cents in 1970, when the CPI was 50, and 50 cents in 2007 when the CPI was 172, then the real price of the 1970 soda in terms of 20
How did the Great Depression effect farmers
1. Cuando oyes algo, usas el __________. 2. Cuando te enfermas, te sientes __________ y necesitas ir al consultorio para ver a la _________. 3. ¿Alguien _______
Need Help ASAP!! THANK YOU
Camila makes and sells jewelry she has 8160 silver beads and 2880 black beads to make necklaces each necklace will contain 85 silver beads and 30 black beads ho
The equation of the line in slope intercept is y-mx + b where m is y intercept?
for a=4-5c when c=-1/2, what is the value of a? 1 is 1 half, not 1 divided by 2​
PLZ HELP NOT HARD AND WORTH IT FOR THE POINTS!
The law of supply indicates that, all else held constant, rev: Multiple Choice a. producers will be willing and able to offer more of a product at high prices t
After the velvet revolution, Czechoslovakia began a transition to a _____.