We appreciate your visit to An investment will pay 289 940 at the end of next year for an investment of 190 000 at the start of the year If. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
No, because the investment will yield $82,840 less than putting the money in a bank.
What is an Interest rate?
While a fee on profits is not always favorable, everyone values income in any form. Interest is money that is made on money that is used by the person holding it. The amount that the lender charges the borrower over and beyond the principal amount is referred to as the interest rate. A person who deposits money in a bank or other financial institution also earns additional income in terms of the recipient, known as interest, taking into account the time value of money. Interest rates on loans and deposits may vary depending on the goal and recipient of the funds.
To know more about Interest rate visit: brainly.com/question/14556630
#SPJ4
Thanks for taking the time to read An investment will pay 289 940 at the end of next year for an investment of 190 000 at the start of the year If. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
