In 1980, the nominal interest rate was 12 percent. In 2013, the nominal interest rate was 4 percent. From this information, can you determine if you would rather have saved $1,000 in 1980 or 2013? Explain your answer.

Answers

Answer 1

Answer:

You would rather save $1000 in 1980.

Explanation:

You would make 12% more money each year, rather than 4% more.


Related Questions

Which of the following is a positive effect of ecotourism on the environment?
1. It helps pay for conservation efforts.
II. It fosters appreciation of nature and local cultures.
III. It decreases local traffic and crime rates.

Answers

Answer:

The Answer is gonna be 1. It helps pay for conservation efforts.

Answer:

I and II

Explanation:

Good luck

Which of the following statements about energy efficiency is false?
A)
Decreasing competitiveness in the international marketplace will likely improve energy efficiency.
B)
Improving energy efficiency will likely save money and provide jobs.
C)
The earlier we practice energy efficiency, the more time we will have to phase in renewable energy resources.
D)
Improving energy efficiency will probably lead to less military intervention in oil-producing countries.

Answers

Answer:

improving energy efficiency will lead to less military intervention in oil producing countries

eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeek

Answers

Answer:

Karen has a total amount of $ 101

Maria has a total amount of $ 86

Explanation:

We'll begin by obtaining an expression for the total amount of money in Karen's account. This can be obtained as follow:

Let the number of weeks be x

Let the total amount be y

Karen deposited $ 28 when she opened the account and then deposit $ 5 weekly.

The total amount in x week can be written as:

y = 28 + 5x

For Maria, the total amount in x week is given by:

y = 8x + 7

Next, we shall determine the number of weeks in which they both have the same amount in their account.

For Karen's account, the total amount is:

y = 28 + 5x

For Maria's account, the total amount is:

y = 8x + 7

Total in Karen's = Total in Maraia's

28 + 5x = 8x + 7

Collect like terms

28 – 7 = 8x – 5x

21 = 3x

Divide both side by 3

x = 21/3

x = 7

Thus, they both have the same amount in the 7th week.

Next, we shall determine the total amount in each account in the 7th week. This is illustrated below:

For Karen's account,

y = 28 + 5x

x = 7

y = 28 + 5(7)

y = 28 + 35

y = $ 63

For Maria's account,

y = 8x + 7

x = 7

y = 8(7) + 7

y = 56 + 7

y = $ 63

Finally, we shall determine the total amount in each account 2 weeks after they have the same amount in their account. This is illustrated below:

For Karen's account,

y = 28 + 5x

x = 2

y = 28 + 5(2)

y = 28 + 10

y = $ 38

Total amount = 63 + 38 = $ 101

For Maria's account,

y = 8x + 7

x = 2

y = 8(2) + 7

y = 16 + 7

y = $ 23

Total amount = 63 + 23 = $ 86

SUMMARY:

Karen has a total amount of $ 101

Maria has a total amount of $ 86

With the exception of Hawaii, the map shows the pattern of production for coffee beans by country. If the map was reproduced at the subnational state or provincial scale, as Hawaii is on the map, what changes in pattern would be expected in other parts of the world?​
a. the inland provinces of African countries would not show any production
b. southeast Asian islands would notnshow any production
c. the states in northern Mexico and northern India would not show any production
d. the amazon basin and congo basin would not show concentrated areas of production
e. provinces in southern China would not show concentrated areas of production

Answers

Answer: C, The states in northern Mexico and northern India would not show any production. *

Explanation: Both the southern states of Mexico and India are known to produce coffee and I believe that their northern states produce little to no coffee. Additionally, East Africa and Southeast Asia are major producers of coffee beans so A and B are inaccurate.*

*This answer is not by any means entirely correct and is my own assumption but if you do a little research on the coffee production of Mexico and India, you will find that their southern states are often mentioned, and more so than their northern states.

Other Questions
CARL BUYS 4 ONT PINT CARTONS OF MILK. HE BUYS LESS JUICE THAN MILK. WHICH COULD BE THE AMOUNT OF JUICE. Which statement describes a space-filling model of a molecule?A.The radii of the atoms are represented by the symbol of the atom surrounded by dots in thespace-filling model.B.The radii of the spheres in a space-filling model are proportional in size to the radil of the atomsthey representC.The radii of the atoms present in the compound determine the length of the bonds in a space-filling model. Will is asked to simplify the expression below. 7x - 2(x + 3y) + 3y He states that the simplified expression is 5x + 9y because using the distributive property yields 7x - 2x + 6y + 3y and then combining like terms yields 5x + 9y. 1. What is the error in Will's reasoning? 2. Write the correct simplified expression for 7x - 2(x + 3y) + 3y Find the area of the shaped region Which two values are equivalent to 0.6?1.66%35c60%100 Hi! Please explain how you got your answer, thank you so much! :)) Plss help me with this question in the photo What type of tissue do pollutants collect in? No links What is 714 divided by 14? will give 15 points ughhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh A 45.0-kg girl is standing on a 168-kg plank. The plank, originally at rest, is free to slide on a frozen lake, which is a flat, frictionless surface. The girl begins to walk along the plank at a constant velocity of 1.55 m/s to the right relative to the plank. Required:What is the velocity of the plank relative to the surface of the ice? What is the inequality for x -3 < 5 (10 points for this question) If f(x) equals 4^x- 8 and g(x) equals 5times + 6, find (f-g)(x) Determine the figures of speech used in the following expressions .a) Toivo is the cancer of my dreams and aspirations. AYUDA!! PORFAVOR!!De dnde proceden los garifunas? (1 point) A. de las Antillas Mayores B. de las Bahamas C. de la costa mexicanaD. de las Antillas Menores Put an upright arrow for desirable human activities and a downward arrow for poor environmental sanitation practices. The regular price of a sofa in dollars is represented by P the sale price of the sofa is 30% off the regular price. Select all that apply 1. Find the slope of the graph. Slope: What is a semiconductor