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You have invested $5,000 in an account earning 3% simple interest. How much money will you have after six years?
mixed
12 years
simple interest
comparative advantage
$5,900.00
compounded interest
equilibrium price
Track current income and expenses
According to the rule of 72, how long will it take your investment to double in value if it earns 6% compounded interest?
mixed
12 years
simple interest
comparative advantage
$5,900.00
compounded interest
equilibrium price
Track current income and expenses
Earning interest on interest applies to
mixed
12 years
simple interest
comparative advantage
$5,900.00
compounded interest
equilibrium price
Track current income and expenses
Interest that is earned on only the principal investment is called
mixed
12 years
simple interest
comparative advantage
$5,900.00
compounded interest
equilibrium price
Track current income and expenses
What is the first step that should be completed when creating a budget (spending plan)?
mixed
12 years
simple interest
comparative advantage
$5,900.00
compounded interest
equilibrium price
Track current income and expenses
When a nation is able to produce products more efficiently than other countries, it is said to have
mixed
12 years
simple interest
comparative advantage
$5,900.00
compounded interest
equilibrium price
Track current income and expenses
The ___________________ is the point where supply and demand are equal.
mixed
12 years
simple interest
comparative advantage
$5,900.00
compounded interest
equilibrium price
Track current income and expenses
Most nations of the world can be classified as having a ______________ economy.
mixed
12 years
simple interest
comparative advantage
$5,900.00
compounded interest
equilibrium price
Track current income and expenses
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