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How is math used in career of banker?
well... bankers use math all the time. they use it to find the interest. example: the person borrows 1000 dollars from the bank and say the interest is 2% monthly, so the banker can use math in that case. Also, when the banker invests on things, they use math to predict what their profit is, it can be negative ( a loss of money) or they can gain.
Why present values are dependent upon interest rates?
Interest rates are also known as discount rates because in order to calculate the present value of a future amount, the future amount must be discounted back to the present
Interest earned or paid on the principal and previously earned or paid interest?
Interest earned or paid on the principal and previously earned or paid interest is known as compound interest. This concept allows interest to accumulate not only on the initial principal amount but also on the interest that has been added to it over time. As a result, compound interest can lead to exponential growth of investments or debts, making it a powerful factor in finance. Understanding this principle is crucial for effective saving and borrowing strategies.
Interest calculated not only on the original principle but also on the interest already accumulated is called?
The answer is compound interest
When you round a 5 does it stay the same or change?
When rounding a number, if the digit to the right of the rounding place is exactly 5, you typically round up. However, if you're following the "round half to even" rule (also known as "bankers' rounding"), you would round to the nearest even number. For example, rounding 2.5 results in 2, while rounding 3.5 results in 4. Thus, depending on the rounding method used, a 5 can either stay the same or change.
Dr west's method is also known as?
New method
Interest groups are also known as what?
In US they are known as 'lobbying groups'
Interest groups were also known as what?
Pressure groups
What are special interest groups also known as?
In US they are known as 'lobbying groups'
Is it permissible to charge interest on interest?
Charging interest on interest, also known as compound interest, is generally permissible and common in financial transactions such as loans and investments.
Are Interest groups are also known as special interests?
In US they are known as 'lobbying groups'
Interest groups are also known as .?
Pressure Groups - Gradpoint
What are the Jobs that are known as male jobs that women also do these days?
There are alot namily: construction, army force, ceo's, bankers, oil companys, etc.
What is pot still and patent still method of distillation?
pot still is a method of distilling fermented liquid to make alcohol. this the olden method and also known as traditional method. patent still is the fastest and quick method of making spirit. it is also known as Coffey still, factory still, column still.
The method and plans that are used by a government to do work are also known as?
Policies
Why would dangerous conditions make bankers charge higher interest on loans for trade?
Dangerous conditions, such as political instability, natural disasters, or economic uncertainty, increase the perceived risk of lending. To compensate for this heightened risk, bankers raise interest rates on loans for trade to ensure they can cover potential losses. Higher interest rates also reflect the added costs of managing and mitigating risks associated with lending in such environments. Ultimately, these factors lead to increased borrowing costs for traders and businesses operating in precarious situations.
What is another name for the socratic method?
The Socratic method is contradictionism, where the philosopher deliberately contradicts popular beliefs and proves them wrong.
