subject
Business, 12.08.2020 14:01 heyitseddie06

Phillippe invested $1,000 ten years ago and expected to have $1,800 today. He has not added or withdrawn any money from this account since his initial investment. All interest was reinvested in the account. As it turns out, he only has $1,680 in his account today. Which one of the following must be true?a) He earned simple interest rather than compound interest. b) He did not earn any interest on interest as he expected. c) He ignored the Rule of 72 which caused his account to decrease in value. d) He earned a lower interest rate than he expected. e) The future value interest factor turned out to be higher than he expected.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 11:30
17.     chef a says that garnish should be added to a soup right before serving. chef b says that garnish should be cooked with the other ingredients in a soup. which chef is correct? a. chef a is correct. b. both chefs are correct. c. chef b is correct. d. neither chef is correct. student c   incorrect which is correct answer?
Answers: 2
question
Business, 22.06.2019 12:30
Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer
Answers: 3
question
Business, 22.06.2019 21:00
An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.
Answers: 2
question
Business, 22.06.2019 21:50
Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.
Answers: 3
You know the right answer?
Phillippe invested $1,000 ten years ago and expected to have $1,800 today. He has not added or withd...
Questions
question
SAT, 11.11.2021 05:10
question
Chemistry, 11.11.2021 05:10
question
English, 11.11.2021 05:10
question
History, 11.11.2021 05:10
question
Mathematics, 11.11.2021 05:20
Questions on the website: 13722367