If a savings account offers .10% APY on a $1,000 deposit for one year, does that mean it offers that interest once every year annually ($1.00 interest) or daily? $1.00 interest just doesn't seem like a lot to me.Help please?
you will have $1215 in 3 years? Is your answer reasonable???
A. Yes; the interest will be much less than the total in the account.
B. No; the interest will be much less than the total in the account.
C.No; the interest will be more than the total in the account.
D.Yes; the interest will...
There are two quick and fairly easy approaches to reducing US emissions of CO2 by several percent. These reduction would be at the household level, possibly decreasing the household cost of energy by between 20 and 30 percent (or more, depending on the household) and decreasing national total...
me and my sister needs to get our labs insurances sorted out before he injures himself or becomes ill. we have a savings account for our pets we have 2 rabbits and a lab it was mainly for the lab to save money for his insurance but were using it for the rabbits as well in-case they need a new...
Bank A compounds interest daily, while Bank B compounds weekly. Which bank is offering a higher annual return?
Bank A
Bank B
They’re each offering the same return because the nominal rate is the same
Thinking they are offering the same since I did the calculators and they were off by a penny.
I am confused about how to allocate my finances. I graduated college in 2008 and just finished paying off all my loans. (Yay!) My husband and I achieved this by slamming the bill every month, paying way more than what I owed and not saving anything. We have about $1,000 in savings right now. So...
States are seeking savings in public employee retiree benefits to close sprawling budget gaps, Bloomberg Businessweek reports. "New Jersey and 20 other states are urging early retirements, cutting benefits and demanding employees contribute more in the face of what the Pew Center on the States...
...continuously, how much money? will you have after 4 years? Assume you make no other deposits or withdrawls.
A. $6,312.38
B. $11,821.07
C. $6,356.25
D. $5,024
I had thought calculating the interest you would earn on a savings account would work like this: Let's say you open a savings account that contains 2,000 and you earn 1% interest on the money monthly. What I had thought would happen is this, by the month's end you would have earned $20.00 in...
The Centers for Medicare & Medicaid Services (CMS) today issued new guidance to Part D plan sponsors to guarantee that Medicare beneficiaries enrolled in Part D prescription drug plans will see 50 percent savings on their brand name and some authorized generic drugs when they enter the coverage...
Ten million Americans are covered by Health Savings Account (HSA)-eligible insurance plans, an increase of 25 percent since last year, a new census released today by America's Health Insurance Plans (AHIP) finds. Health Savings Accounts were authorized starting in January 2004. Since then...
Find the simple interest earned? (full: Samantha invested $500 in a savings account. The interest rate is 2% per year. Find the simple interest earned in 3 years. Then find the total of principal plus interest.)
I consider it a wonder of nature to see longer days and shorter days between equinoxes.
Personally I don't benefit from it.
If anything, it goes against my internal clock which brings along mood and sleeping issues.
Why does the time the clock says have to intrude with my natural and earthly...