mariahahaha
mariahahaha mariahahaha
  • 02-01-2021
  • Mathematics
contestada

How does saving money in an account with compound interest help protect you from inflation?

Respuesta :

snoopy72 snoopy72
  • 02-01-2021

Answer:

Inflation is caused by the increase in prices of goods, and as prices of goods rise, the value of money itself would decrease. By saving money in a savings account with interest that might be equal or more than the level of inflation, your money would increase, which protects you from the devaluation of the savings you hold and the rising prices of goods.

Answer Link

Otras preguntas

The collection of whole numbers is an example of a set. OA. True O B. False​
Can someone please help me with this one?: The point C (-3, -1) is rotated 180° clockwise about the origin. What are the coordinates of the resulting point, C'?
X + 13/5 = 51 Brainly
Question 13 1 pts 13. Which of the following properties is being used in line 4? I (-2x+10)+ 6x 2 -2x + (10+ 6x) 3 -2x +(6x +10) 4 (-2x + 6x)+10 5 4x+10 A. Dist
Make a conjecture about the next item in each sequence. 2/3, 3/4, 4/5, 5/6,
Prisms separate ________ light, such as that from the Sun, by wavelength. Which best completes the statement? ultraviolet white infrared black
please help me I will give a briainliest to the first person to answer​
Please, help me. What is it.
What is the x-intercept of the line with this equation −2x+12y=18?
Please help! I don’t know it