Write the Word or Phrase That Best Completes Each Statement

question 247

Essay

Write the word or phrase that best completes each statement or answers the question.Decide whether the statement makes sense. Explain your reasoning.
-Niyas is starting a college fund for his 4-year old daughter. He will invest money in a
savings account and the money will remain in the account for at least 15 years. The bank
told him that an account offering an APR of 7% compounded annually was a better deal
than an account offering simple interest at 8% per year.

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Definitions:

Telephone Company

A business that provides telecommunications services such as voice calls and data transmission to customers.

Perfectly Price-Discriminated

When a seller charges each buyer their maximum willingness to pay, capturing all consumer surplus as producer surplus.

Monopolist

An entity that is the sole provider of a particular good or service, allowing it to control market prices.

Total Profit

The overall financial gain made by a business after all expenses have been subtracted from the total revenues.