Explain the differences and similarities between compound interest (for money saved) and compound growth (for money invested).

Answers

Answer 1

The similarities between compound interest and compound growth is that both are important for one to grow his money.

What is compound interest?

It should be noted that compound interest simply means the addition of interest to the principal sum money.

The similarity between compound interest and compound growth is that both are important for one to grow his money.

The difference is that compound growth calculates the gains based on the added result from the prior period.

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Related Questions

In an interview, a tough question _____. a. may show the interviewer how you think under pressure b. may be designed to rattle you c. may have no right answer d. all of the above

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Most time, the tough question in an interview may:

show the interviewer how one thinkbe designed to rattle youhave no right answer

What is a tough question?

This means a question that are structured in a complicated way to confused the respondent during an interview

Therefore, the Option D is correct.

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Retrenching to a narrower diversification base is Group of answer choices a strategy that allows a diversified firm's energies to be concentrated on building strong positions in a smaller number of businesses rather the stretching its resources and managerial attention too thinly across many businesses. Sometimes an attractive option for deepening a diversified company's technological expertise and supporting a faster rate of product innovation. A strategy best reserved for companies in poor financial state. An attractive strategy option for revamping a diverse business lineup that lacks strong cross-business financial fit. Usually the most attractive long-run strategy for a broadly diversified company confronted with recession, high interest rates, mounting competitive pressures in several of its businesses, and sluggish growth

Answers

Retrenching to a narrower diversification base is the most attractive long-run strategy for a broadly diversified company.

What is diversification?

It should be noted that diversification simply means an investment strategy that's used to reduce risk in business.

In this case, retrenching to a narrower diversification base is the most attractive long-run strategy for a broadly diversified company confronted with recession, high interest rates, mounting competitive pressures in several of its businesses, and sluggish growth.

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How is capital deepening related to economic growth?

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Capital deepening simply increases the marginal product of labor thereby contributing to economic growth.

What is capital deepening?

Capital deepening simply means the increase in the proportion of the capital stock in relation to the number of labor hours worked.

In this case, capital deepening simply increases the marginal product of labor thereby contributing to economic growth.

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explain which government does not truly get to decide how to spend all the money in its budget

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The government who has not received the approval of the budget from the legislators.

What is government spending?

Government spending includes expenses incurred by the government expenditure on consumption such as food, investment, and transfer payments.

It includes the federal, state, and local governments' expenses.

Therefore, The government who has not received the approval of the budget from the legislators.

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What term best describes contractual agreements that restrict the use of land, ostensibly in order to preserve the value of adjacent land or a neighborhood

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In law, a restrictive covenant is the arrangement that generally restricts use of land in order to preserve the value of adjacent land or a neighborhood.

What is a restrictive covenant?

In an agreement, a restrictive covenant is a kind of condition that confers a restriction, limits or prohibition on the actions of someone named in an enforceable agreement.

In conclusion, these covenant in law is such arrangement that restricts a use of land in order to preserve the value of adjacent land or a neighborhood.

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if the economy is in long-run equilibrium at potential output and the money supply ______ then in the long run, prices will decrease and output will ___ g

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If the economy is in long-run equilibrium at potential output and the money supply increases, then in the long run, prices will increase and output will remain the same.

What is a long-run equilibrium?

This means the situation where all markets are in equilibrium and all the prices & quantities therein have been fully adjusted and in equilibrium.

Therefore, the word "increase" and "remain the same" is correct.

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Understanding how artificial intelligence, big data, and collaborative computing will impact your organization is the challenge of managing for:.

Answers

There is management of technological advances when we need to understand how artificial intelligence, big data and computing impact the firm.

What is a technological advances?

These mean the process of invention, innovation and diffusion of technology in a firm.

These are important to understant to help make decision that will improve use of tachnology in a firm.

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