Which factor is important to consider when building a savings fund for planned, long term needs ?

Principal amount of investment.

Interest rate.

Simple or compound interest.

Time to hold the investment.

Step-by-step explanation:

There are several factors to consider when building a savings fund for planned long term needs.

First of all, we have to consider the amount of principal money we can invest in. It may be a one-time investment or a systematic investment plan. I case of a one-time investment we can easily calculate the investment amount but in case of monthly or yearly investment, we have to be sure that we will be able to invest the amount for the said period of time.

Second is the interest rate that the fund is giving i.e. APR of the fund. Again, take care to identify whether it is a simple interest or compound interest. Obviously the compound interest is better than simple interest as it gives more interest.

The third is the time for which you can hold the money without withdrawal. (Answer)

answer: a clock

step-by-step explanation:

step-by-step explanation:

if you want to solve percent error follow these steps.

1. subtract the accepted value from the experimental value.

2. take the absolute value of step 1.

3. divide that answer by the accepted value.

4. multiply that answer by 100 and add the % symbol to express the answer as a percentage.

if you want to solve percent of change just do this.

1. work out the difference (increase) between the two numbers you are comparing.

2. divide the increase by the original number and multiply the answer by 100. if your answer is a negative number then this is a percentage decrease.

hope this : )