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Economics - Financial Markets
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OpenStudy (anonymous):
HELPPPPP
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jimthompson5910 (jim_thompson5910):
the "table" is missing
jimthompson5910 (jim_thompson5910):
The interest rate doesn't change based on what you put in or take out. I'm not sure what they're asking exactly.
jimthompson5910 (jim_thompson5910):
But the more money you have in the account, the higher the interest you earn. That's the general rule. Also, notice how the interest column is increasing. This is because the interest you earn is placed back into the account and then compounded again.
OpenStudy (anonymous):
okay that makes sense!
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