Other
help needed

Question Description

I need support with this question so I can learn better.

Compound Interest, Future Value, and Present Value 

1. Explain which of the two options below results in a lower balance after 6 months on a debt of $2500.

  • Annual simple interest of 12% applied at the end of the 6 months.
  • A monthly interest rate of 1% applied at the end of each month and before the start of the next month.

Discuss why the two methods result in different results.

In what circumstances might you select one option over another?

2. An increase in value of any collection is not guaranteed for a variety of reasons. If you are a collector, please use your own collection to answer the following questions. If you are not a collector, then use Elvis memorabilia for your answers.

  • What are some of the factors that could cause the value of your collection to drop in the future?
  • What questions should an investor ask before investing in anything?
  • If no new memorabilia can be created with an autograph, how does the idea of scarcity increase the value of an item?


Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Final Answer

maham1 (4)
Cornell University

Anonymous
Return customer, been using sp for a good two years now.

Anonymous
Thanks as always for the good work!

Anonymous
Excellent job

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4