History, 14.04.2021 20:10 sherlock19

PLEASE HELP ASAP IT IS DUE BY 4:00 PM One awesome thing you can take advantage of is compound interest. It may sound like an intimidating term, but it won’t be once you know what it means. Here’s a little secret: Compound interest is a millionaire’s best friend. It’s really free money. Seriously. But don’t take our word for it. Just check out this story of Ben and Arthur to understand the power of compound interest.
Ben and Arthur were friends who grew up together. They both knew they needed to start thinking about the future. At age 19, Ben decided to invest $2,000 every year for eight years. He picked investment funds that averaged a 12% interest rate. Then, at age 26, Ben stopped putting money into his investments. So he put a total of $16,000 into his investment funds.
Arthur didn’t start investing until age 27. Just like Ben, he put $2,000 into his investment funds every year until he turned 65. He got the same 12% interest rate as Ben, but he invested for 31 more years than Ben did. So Arthur invested a total of $78,000 over 39 years.
When both Ben and Arthur turned 65, they decided to compare their investment accounts. Who do you think had more? Ben, with his total of $16,000 invested over eight years, or Arthur, who invested $78,000 over 39 years?
Believe it or not, Ben came out ahead . . . $700,000 ahead! Arthur had a total of $1,532,166 while Ben had a total of $2,288,996. How did he do it? Starting early is the key. He put in less money but started eight years earlier. That’s compound interest for you! It turns $16,000 into almost $2.3 million! Since Ben invested earlier, the interest kicked in sooner.

part one 4-6 sentences.
How much did each boy make on their investment (write in words, not numbers)? Which strategy is best? Why?

part two
Q1. What is the difference between Investing & Speculating? Use 6-10 sentences.

Q2. How to invest in the stock market? 6-10 sentences.
a. What is a “fiduciary” financial advisor?
b. What is a brokerage account?
c. What is a mutual fund?
d. What is an Exchange Traded Fund?
e. What is a stock that pays dividends?

PLEASE HELP ASAP IT IS DUE BY 4:00 PM

One awesome thing you can take advantage of is compound int

Answers: 1

Show answers

Answers

Answer from: Quest

If your answers look like this a) expansion through conquestb) development of a calendar c) development of a written language d) creation of a large road workthen the answer is dhope it

Answer from: Quest

the expansion of the rule of empires over other territories took place as a result of several reasons including economic, ethnocentric, political, and religious, and exploratory purposes.

in terms of economic purposes: imperial governments aimed to maximize profits and with that purpose they neeeded cheap labor, access to or control of markets to sell or buy products. they also desired to find natural resources (precious metals and land). in the awake of industrial revolution, dependent colonies provided the necessary raw materials that european factories and market needed to manufacture products.

ethnocentric: many territories were conquered by imperial territories in an attempt to spread their cultures, values and belief as they considered them to be superior. in the late 19th century, for example, european powers held the racist belief that inferior races should be conquered in order to “civilize” them.

political: another reason that drove conquer and expansion was patriotism and growing imperial power. it refers to national prestige, pride, and security. empires sought strategic territory to ensure access for their navies and armies around the world.

religious: the aim of converting new member of other religions was another factor that prompted expansion. christian missionaries from europe established churches in conquered territories during the nineteenth century. thus, they spread western cultural values. furthermore, the imperial nation’s language was spread as well, through educational and religious interactions.

exploratory: imperial nations or their citizens aimed to explore territory that was unknown to them, for different purposes including medical or scientific research, however, at the very beginning, they did it to embark on adventure. furthermore, imperial explorers sought to discover, map, and claim territory before their imperial competition did, for national and personal glory as well as to realize the imperialist goal of expansion.

Answer from: Quest

Idk 30 cookies, 1 brownie

Answer from: Quest

The way this small state - large state compromise guards against tyranny is that small states and large states have one note: i am sorry but i was not able to give you the full answer. but i got this answer from

Another question on History

History, 21.06.2019 15:30

50 do you think civilian (nonmilitary) control of the military is an important part of u.s. democracy? why or why not? what are the advantages to this system? are there disadvantages?

Answers: 2

Answer

History, 21.06.2019 15:30

Which of the following supreme court decision forced the university of texas to admit am african american student to its law school

Answers: 3

Answer

History, 21.06.2019 18:00

1) this was the intellectual, philosophical, and artistic movement that began in italy in the 14th century.

Answers: 2

Answer

History, 22.06.2019 08:00

How did kennan’s long telegram shape the united states interaction with communism throughout the world? a. the united states sought to restrict the expansion of communism and soviet influence. b. the united states conquered communism by economically oppressing third-world nations. c. the united states created the european union to maintain control of its post-wwii influence. d. the united states sought to extend its influence by militarily forcing democracy on the world.

Answers: 3

Answer

You know the right answer?

PLEASE HELP ASAP IT IS DUE BY 4:00 PM One awesome thing you can take advantage of is compound inter...

Questions