Business, 23.01.2021 01:00, swelch2010
How does simple interest differ from compound interest?
A. Simple interest rates are between 1-5% while compound interest rates are over 5%.
B. Simple interest is calculated on the principal as well as the interest you’ve already earned; compound interest is calculated on principal alone.
C. You earn simple interest in a savings account and compound interest on an investment.
D. Simple interest is calculated on principal alone; compound interest is calculated on the principal as well as the interest you’ve already earned.
Answers: 1
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Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.
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How does simple interest differ from compound interest?
A. Simple interest rates are between 1-5% w...
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