answersLogoWhite

0

What else can I help you with?

Related Questions

Is the interest earn t in a bank account classed as an investment?

Interest earned in a bank account is not an investment. It is considered an income. The money that you have in the bank account that earned the interest for you is considered the investment


How can compound interest be utilized within a brokerage account to maximize investment growth?

Compound interest can be utilized in a brokerage account by reinvesting the interest earned on investments, allowing the account balance to grow faster over time. This can maximize investment growth by increasing the overall return on the initial investment.


How much interest is earned on the account?

A $5000 investment at an annual simple interest rate of 4.4% earned as much interest after one year as another investment in an account that earned 5.5% annual simple interest. How much was invested at 5.5%?


What makes a saving account a better investment than checking account?

A savings account earns interest.


What makes a savings than a checking account account a better investment?

A savings account earns interest.


How can one make money off interest?

One can make money off interest by investing money in a savings account, certificate of deposit, or other financial instruments that pay interest over time. The interest earned is a percentage of the initial investment and can accumulate over time, allowing the investor to earn a profit.


How can I start investing with Acorns?

To start investing with Acorns, you need to download the Acorns app, create an account, link your bank account, choose an investment portfolio that suits your goals and risk tolerance, and set up automatic deposits to start investing small amounts regularly.


What is the definition of an account executive in an executive search frim?

An account executive handles the main investing and spending of a clients account. They are in charge of the account's interest and what the money should be invested in.


How do you calculate the APR on an investment?

To calculate the APR on an investment, you need to consider the interest rate and any fees associated with the investment over a year. The APR takes into account both the interest rate and fees to give you a comprehensive view of the investment's annual cost.


How do you calculate nominal interest rate?

Nominal interest, is the amount of interest on a loan or investment that does not take into account inflation; it's the amount of interest listed on the loan or bond.


What do savings account usually offer a high or low interest rate?

As low an interest as the borrower can get away with and still attract investment.


What are the journal entries for Investment in Associate?

When initially investing in an associate, the journal entry would debit the investment account and credit cash or the amount paid. Subsequent adjustments for equity earnings or losses would include debiting the equity income (or loss) account and crediting the investment account for the investor's share of the associate's earnings or losses.