The effective annual interest rate charged by Loan easy Ltd can be calculated using the formula for the present value of an annuity. The effective annual interest rate is approximately 12.36%. Option 4. 12.36% is correct.
To calculate the effective annual interest rate, we can use the formula for the present value of an annuity:
PV = P * (1 - (1 + r)^(-n)) / r,
where PV is the present value (loan amount), P is the periodic payment, r is the interest rate per period, and n is the number of periods.
In this case, the loan amount is R50,000, the periodic payment is R800, and the number of periods is 48. We need to find the interest rate per period (r) that makes the present value equal to R50,000.
By rearranging the formula and solving for r, we can determine the interest rate per period. The effective annual interest rate is then calculated by multiplying the interest rate per period by the number of periods in a year and converting it to a percentage.
Performing the calculations, the effective annual interest rate is approximately 12.36%.
Therefore, the correct answer is option 4: 12.36%.
Learn more about annual interest rate here:
https://brainly.com/question/32200233
#SPJ11
True or False
A Person who works full time for a power company in the energy cluster is considered a consultant.
Answer:
True
Explanation:
Answer:
False, i took the quiz and got 100% percent- k-12 7th grade career final exam
Explanation:
Which defines room and board? (1 point)
O housing and meals that are often provided at additional cost
O a school that provides training in a specific skill or trade
O an educational institution or establishment, in particular one providing higher education
O monetary support that is used to help pay educational costs
In contrast to a variety of non formal and informal methods of socialization, education is the field that is concerned with the methods of teaching and learning in schools or environments that resemble schools.
What differentiates knowledge from education?
Knowledge and education are not the same thing. Knowledge is what you know, while education is how you learn it. The facts and information you can remember and use is called knowledge. Education is how we learn new things.
Equity and equality in education, what do you mean?
A system of equality treats everyone the same without giving any consideration to their requirements or needs. As a result, equity is a situation in which every person, regardless of their individual differences, receives the same rights and opportunities.
Learn more about education here:
https://brainly.com/question/25547036
#SPJ13
Answer:
O housing and meals that are often provided at additional cost
Explanation:
“Room” in Room and Board, meaning
The “room” part can be taken literally it’s basically your college bedroom
and Board refers to the meal plan meaning somewhere that supplies food.
Boom easy answer
For amanda’s annual performance appraisal, her supervisor solicited feedback from three of amanda’s coworkers, the manager of the customer-service department, several of amanda’s clients, and even a few employees in other departments with whom she worked recently. Amanda’s performance appraisal is an example of a forced ranking system.
It is FALSE that Amanda's performance appraisal is an example of a forced ranking system.
What is a forced ranking system?A forced ranking system is a controversial workforce management tool that identifies a company's best and worst-performing employees, using person-to-person comparisons.
In Amanda's annual performance appraisal, the supervisor only solicits feedback from coworkers from different departments to gain unbiased information about Amanda's performance.
Thus, it is FALSE that Amanda's performance appraisal is an example of a forced ranking system.
Learn more about the forced ranking system at https://brainly.com/question/6626507
If you were starting a new business describe at least three departments to the company that you would need right away why are these departments so important
Answer:
Explanation:
These departments are as follow:-
1) Admin
2) Administrative
3) HOD (Head Of Departments)
The price of a coupon bond and the yield to maturity are ________ related; that is, as the yield to maturity ________, the price of the bond ________.
Based on the relationship between the above mentioned measures, the following is true:
Price and yield to maturity are inversely related. When YTM rises, the price of the bond falls. What is Yield to Maturity?It is the discount rate on the bond. It shows the riskiness of the bond.When the YTM is high, it means that the bond is more risky which leads to it having a lower price to compensate for the risk. The reverse is true.
Find out more on YTM at https://brainly.com/question/15172286.
The process of improving the competencies, team member interaction, and overall team environment to enhance project performance is known as?
The process of improving the competencies, team member interaction, and overall team environment to enhance project performance is known as developing Project Team.
Project performance control is the process of creating, implementing, and handling projects that make contributions to the performance of a business enterprise and its method. In place of specializing in project execution, mission overall performance management is ready for the bigger picture.
There are 5 key procedures worried in development and performance measurement: progress dimension making plans, performance size planning, development, and overall performance size execution, monitoring and management, and dimension closure.
A project performance domain is described as a set of related activities which might be crucial for the powerful shipping of challenge results.
Learn more about project performance here https://brainly.com/question/26402160
#SPJ4
answer quickly pls: it is an accounting question:
Answer:
$3,500
Explanation:
Profit is calculated by subtracting expenses for revenue.
In the case,
Revenues are
fees from client $20,000
Rent received $ 8,000
total revenue $28,000
expenses
insurance $8,000
advertising $3,000
loan interest $ 12,000
motor expense $1,500
$24,500
profit = $28,000 - $24,500
profits =$3,500
A person works as a cashier in a major supermarket. She sells vegetables to
customers, including local restaurants that use these ingredients to make
meals for their customers. The supermarket pays the cashier wages for her
work, which she uses to buy her own groceries and pay bills.
When the supermarket in the passage sells vegetables to restaurants, it takes
on which role in the circular flow of goods?
O A. Business market
O B. Resource market
O c. Product market
O D. Household market
Answer: IT B B
Explanation:
Trust the process
When the supermarket in the passage sells vegetables to restaurants, it takes a resource market role in the circular flow of goods. The correct option is b.
What is a resource market?Resource market definition formally refers to a market that furnishes companies, firms, and organizations with the factors of production in exchange for monetary benefits. Resource markets are those which provide businesses with the resources they need to provide the goods or services they offer. In this sense, these markets are more business-to-business than business-to-consumer.
A resource market may also be referred to as a factor market, which economists use to separately refer to all the resources that businesses employ to legally acquire what they need to undertake in the production of goods and services. It can also be termed the input market. Factors of production acquired in the concept or resource/factor markets include labor, capital, and land.
A simplistic definition is that a resource market is a market that provides businesses with the resources they need to produce goods and services.
Learn more about resource market, here:
https://brainly.com/question/20897605
#SPJ5
Respond to the following in a minimum of 175 words: - Discuss the relationship between organizational change and the organization's need to stay competitive in a global market. - How much does this relationship drive change? - What other factors drive organizational change?
Organizational change is essential for global market competitiveness, driven by customer demands, technological advancements, and regulatory changes.
In today's global market, organizations operate in an environment characterized by rapid advancements in technology, increased competition, changing customer preferences, and evolving industry landscapes.
To stay competitive and thrive in this dynamic environment, organizations must be able to adapt and respond to these external pressures effectively. This need for adaptation often drives organizational change.
Staying competitive in a global market necessitates a range of changes within an organization. These changes can include implementing new technologies, upgrading infrastructure, improving processes, embracing innovation, developing new products or services, entering new markets, forming strategic alliances, or restructuring the organization's operations.
By making these changes, organizations can enhance their efficiency, agility, and responsiveness, ultimately positioning themselves to compete effectively in the global market.
However, while the need to stay competitive is a significant driver of organizational change, it is not the sole factor. Other factors can also compel organizations to change.
Technological disruptions, such as the emergence of new digital platforms or advancements in automation, can force organizations to adapt their operations and business models. Regulatory changes or shifts in industry standards may require organizations to comply with new regulations or modify their practices.
Internal inefficiencies, such as outdated processes or poor communication, can trigger change initiatives aimed at improving organizational effectiveness. Additionally, strategic shifts driven by changes in leadership, market conditions, or the competitive landscape can also lead to organizational change.
Learn more about customer here:
https://brainly.com/question/31192428
#SPJ11
Emily's grandmother bought her a treasury bond in 2020. When will it reach its maturity date?
Α.
2030
B.
2040
C.
2045
D
2050
Answer:
The correct answer is: D. 2050
Explanation:
Answer: 2050
Explanation: Treasury bonds are sold in $1,000 increments and have a 30-year maturity date.
Thus, 2020 + 30 years = 2050
c) What are the major jobs of a nurse?
Answer:
1) Conduct physical exams
2) Take a detailed heath care histories
3) Provide counselling and health care to patients
4) Listening to the patients and analysing the physical and emotional needs
(is, are) there no ticket left for us?
Yvonne and Simon form Ion Corporation. Yvonne transfers equipment (basis of $188,600 and fair market value of $282,900). Simon invests $226,320 of cash. They each receive 100 shares in Ion Corporation, worth $226,320, but Yvonne also receives $56,580 in cash from Ion. Calculate Ion Corporation's basis in the equipment and determine Yvonne and Simon's basis in the Ion stock
The basis in the equipment transferred by Yvonne is $188,600, which represents the original cost of the equipment.
Ion Corporation's basis in the equipment will be the higher of the fair market value or the adjusted basis of the property in the hands of the transferor. In this case, since the fair market value of the equipment is $282,900, Ion Corporation's basis in the equipment will be $282,900.
Yvonne's basis in the Ion stock will be the total value of her investment, which includes the equipment transferred ($188,600) plus the cash received ($56,580), totaling $245,180.
Simon's basis in the Ion stock will be the total value of his investment, which is the cash contribution ($226,320).
Therefore, Yvonne's basis in the Ion stock is $245,180, and Simon's basis is $226,320.
learn more about "equipment":- https://brainly.com/question/25806993
#SPJ11
can someone please help me i will mark the first person that gives me the help i am looking for the brainlyest
Answer:
you should have made the screen shot small so that they cant see your name
Explanation:
also these are links so i dont know how to help with this
dude please charge ur phone
Review the functions of money as stated in your text and on the mini lecture. Then comment on one of the following:
Give an example of barter you or someone you know has been involved in.
Talk about you transaction costs and how money decreases those costs
Keep track of the amount of cash you use in a week and comment on your use of "money"?
Comment on how you used the price tag of an item as a unit of account.
Do you think cash is a good store of value?
Money has various functions, including being a medium of exchange, unit of account, and store of value. Bartering, transaction costs, personal money usage, price tags as a unit of account, and the effectiveness of cash as a store of value are all important aspects to consider when discussing the functions of money.
The functions of money include serving as a medium of exchange, unit of account, and store of value.
One example of barter that I have heard of involves my friend trading a bicycle for a guitar.
Instead of using money, they directly exchanged items of value.
Bartering can be difficult because it requires finding someone who wants what you have and has what you want.
Transaction costs are the expenses incurred when conducting a financial transaction.
When using money, transaction costs are reduced because money serves as a widely accepted medium of exchange. For example, if you want to buy groceries, you can simply use money instead of going through the hassle of bartering or finding someone who wants to trade with you.
Keeping track of the amount of cash used in a week can provide insight into one's use of money.
It helps to understand spending habits and identify areas where money can be saved or better managed.
The price tag of an item can be used as a unit of account, allowing us to compare the value of different goods and services.
For example, if I want to compare the prices of two shirts, I can look at their price tags to determine which one offers better value for money.
Cash can be a good store of value, but it has limitations.
Over time, inflation can erode the purchasing power of cash.
Therefore, it is important to consider other investment options, such as stocks or real estate, to preserve and grow wealth.
Learn more about Bartering:
https://brainly.com/question/15618508
#SPJ11
what is the correct temperature of range of cold ingredients?
Answer:
40 degrees Fahrenheit and below
Explanation:
Any food remains fresh when it is exposed and kept to a certain degree of temperature. From 41 to 135 degrees range, any food can be maintained fresh and fit for its usage. For cold foods, the temperature ranging below 40 degrees Fahrenheit is said to be appropriate. This temperature helps to restrict and control the growth of microbes that spoil the food.
Logistics Solutions provides order fulfillment services for dot.com merchants.The companv maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based 0.58 on direct labor-hours. points In the most recent month,205,000 items were shipped to customers using 9,200 direct labor-hours.The company incurred a total of $33,580 in variable overhead costs. eBook According to the company's standards, 0.02 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $3.70 per direct labor-hour. ? Hint Required: 1.What is the standard labor-hours allowed (SH) to ship 205,000 items to customers? 2. What is the standard variable overhead cost allowed (SH SR) to ship 205,000 items to customers? 3.What is the variable overhead spending variance? 4.What is the variable overhead rate variance and the variable overhead efficiency variance? Print (For requirements 3 and 4, indicate the effect of each variance by selecting"F" for favorable,"u" for unfavorable,and "None"for no effect (i.e., zero variance). Input all amounts as positive values. Do no round intermediate calculations.) References Standard quantity of labor-hours allowed Standard variable overhead cost allowed Variable overhead spending variance Variable overhead rate variance Variable overhead efficiency variance
1. The standard labor-hours allowed (SH) to ship 205,000 items to customers is 4,100 hours.
2. The standard variable overhead cost allowed (SH SR) to ship 205,000 items to customers is $15,170.
3.The variable overhead spending variance is $580 unfavorable.
4.The variable overhead rate variance is $1,510 unfavorable, and the variable overhead efficiency variance is $440 favorable.
To calculate the standard labor-hours allowed (SH), we divide the total number of items shipped (205,000) by the labor-hours required per item (0.02). This gives us 10,250 labor-hours.
The standard variable overhead cost allowed (SH SR) is calculated by multiplying the standard labor-hours allowed (9,200) by the variable overhead rate per hour ($3.70). This gives us $34,040.
The variable overhead spending variance is calculated by subtracting the actual variable overhead costs ($33,580) from the standard variable overhead cost allowed ($15,170).
Learn more about standard labor-hours here: brainly.com/question/29526889
#SPJ11
Using all 26 letters of the alphabet, can you complete the following 13 words?
(You may use each of the 26 letters only once.)
1. b a __ __ a i n
2. l __ __ g e r
3. d y __ __ s t y
4. __ __ g o t e
5. s a __ __ e
6. d i __ __ p a n
7. p u m __ __ i n
8. d e __ __ a y
9. b o __ __ a r
10. d i __ __ i t
11. s u n __ __ r n
12. o b l __ __ u e
13. l i __ __ o f f
Below are the completion of the 13 words
1. b a __ __ a i n = bargain
2. l __ __ g e r = ledger
3. d y __ __ s t y = dynasty
4. __ __ g o t e = Zygote
5. s a __ __ e = Sabre
6. d i __ __ p a n = Dishpan
7. p u m __ __ i n = Pumpkin
8. d e __ __ a y = Defray
9. b o __ __ a r = Boxcar
10. d i __ i t = Digit
11. s u n __ __ r n = Sunburn
12. o b l __ __ u e = Oblique
13. l i __ __ o f f = Liftoff
What is an alphabet?A set of characters used to represent a language's phonetic structure is called an alphabet. The characters are typically placed in a specific order or sequence in most alphabets.
An alphabet is a set of basic written graphemes that are standardized and serve to represent the phonemes of specific spoken languages. In this case, the correct words are given above.
Learn more about Word Completion at:
https://brainly.com/question/12606409
#SPJ1
You are employed by a company that designs and manufactures relatively low-cost digital devices and are a member of that company's EMC department. The company has had numerous situations where inattention to EMC design principles has caused disastrous schedule delays and cost overruns. The company management has decreed that this must be stopped. Your manager has tasked you to organize and develop a seminar on EMC design that is to be presented to the product design engineers in the company. Develop a paper work on a seminar that will show them how to think about their designs from an EMC perspective. The paper work may include: A list of learning objectives of the seminar. Outline of the seminar. Slides for important sub-areas in your outline. (ii) (iii)
Title: Seminar on EMC Design Principles: Ensuring Successful Product Development
Learning Objectives:
1. Understand the importance of EMC (Electromagnetic Compatibility) in product design.
2. Identify common EMC design issues and their potential impact on project schedules and costs.
3. Learn key EMC design principles and strategies to mitigate EMC problems.
4. Explore practical techniques and tools for effective EMC design integration.
5. Develop a systematic approach to incorporate EMC considerations throughout the product development lifecycle.
6. Gain insights into real-world case studies highlighting the significance of EMC design.
Outline of the Seminar:
I. Introduction to EMC Design
- Importance of EMC in digital device design
- Impact of EMC issues on project schedules and costs
II. Understanding EMC Fundamentals
A. Electromagnetic Interference (EMI)
- Types and sources of EMI
- EMI regulations and compliance standards
B. Electromagnetic Susceptibility (EMS)
- Vulnerabilities to external electromagnetic disturbances
- Consequences of EMS issues
III. EMC Design Principles and Strategies
A. PCB Layout and Component Placement
- Grounding and shielding techniques
- Minimizing loop areas and impedance
- Proper component placement for signal integrity
B. Power Distribution and Filtering
- Importance of clean power supply
- Filtering techniques for noise reduction
- Proper decoupling capacitor placement
C. Signal Integrity and EMI Mitigation
- Managing high-speed signal integrity
- Minimizing emissions through controlled impedance
- Proper routing and signal return paths
D. EMI Testing and Compliance
- Overview of EMC testing requirements
- Pre-compliance testing and debugging techniques
- Ensuring compliance with relevant standards
IV. Integrating EMC into Product Development Lifecycle
A. EMC Design Reviews and Risk Assessments
- Identifying potential EMC issues early on
- Risk assessment and mitigation strategies
B. Collaborating with Cross-Functional Teams
- Engaging with mechanical, electrical, and firmware teams for effective EMC design integration
- Communicating EMC requirements and considerations
V. Case Studies and Best Practices
- Real-world examples showcasing the impact of EMC design on project success
- Lessons learned and best practices for successful EMC integration
VI. Tools and Resources for EMC Design
- Overview of software tools and simulations for EMC analysis
- Online resources, industry standards, and guidelines
Slides for Important Sub-Areas:
1. Title Slide
2. Introduction to EMC Design
3. Impact of EMC Issues on Project Schedules and Costs
4. Electromagnetic Interference (EMI)
5. Electromagnetic Susceptibility (EMS)
6. PCB Layout and Component Placement
7. Power Distribution and Filtering
8. Signal Integrity and EMI Mitigation
9. EMI Testing and Compliance
10. Integrating EMC into Product Development Lifecycle
11. Case Studies and Best Practices
12. Tools and Resources for EMC Design
13. Summary and Conclusion
Note: The slides should include relevant graphics, diagrams, and key points to engage the audience and facilitate understanding of EMC design principles.
Learn more about EMC here:
https://brainly.com/question/32395279
#SPJ11
how is data analysis changing in the world around you, including workplaces?
is undergoing significant changes in the world, including workplaces, due to the increased availability of data, the development of advanced tools and techniques, and the adoption of data-driven decision-making.
1. Increased availability of data: With the advent of technology, data is being generated at an unprecedented rate. This has led to a vast amount of data being available for analysis, including customer data, market trends, and operational metrics.
2. Advanced tools and techniques: There has been a rapid development of tools and techniques for data analysis. These include machine learning algorithms, predictive analytics, and data visualization tools. These tools enable organizations to extract valuable insights from their data and make informed decisions.
3. Data-driven decision-making: In the past, decisions were often made based on intuition or experience. However, data analysis is now playing a crucial role in decision-making processes. Companies are relying on data analysis to identify patterns, predict future trends, and optimize processes. This shift towards data-driven decision-making has the potential to improve efficiency and effectiveness in various industries.
Therefore, data analysis is changing in the world around us, including workplaces, due to the increased availability of data, the development of advanced tools and techniques, and the adoption of data-driven decision-making. These changes have the potential to revolutionize industries and improve decision-making processes.
To know more about data-driven visit:
https://brainly.com/question/10238072
#SPJ11
Read these articles on the importance of setting goals, Article 1 and Article 2. As you read, think about how each article defines and explains the importance of setting goals. Think about how you can apply the ideas in the articles to define your own goals. Take notes as you read, and write down the main idea of each article using a complete sentence in the space provided.
The importance of goal setting is numerous and some of them include:
Increased productivityHelps one to focus on goalsThey improve self-masteryWhat is Goal Setting?This refers to the process where a person takes proactive measures towards achieving a set goal.
Hence, we can see that goal setting helps one to stay focused and find working systems to achieve them and when writing about goal setting, the main idea would always be how to be more productive.
Read more about goal setting here:
https://brainly.com/question/1512442
S#SPJ1
which description best fits the definition of opportunity cost
Opportunity cost is the value of the next best alternative foregone when making a choice.
Opportunity cost refers to the concept that when a decision is made, the value of the next best alternative that is not chosen is the opportunity cost. It represents the benefits, profits, or utility that could have been obtained if an alternative option had been selected instead. In other words, it is the cost incurred by not choosing the next best alternative. This concept is essential in economics and decision-making because resources are often scarce, and choosing one option means forgoing the benefits that could have been gained from another option. Understanding opportunity cost helps individuals, businesses, and governments make informed choices by weighing the potential benefits and drawbacks of different alternatives.
Learn more about cost here:
https://brainly.com/question/14566816
#SPJ11
how can u prove that the traditional technology is the foundation of modern technology short answer
One would speak of a change in the quantity of a good supplied, rather than a change in supply, if
a. the cost of producing the good changes.
b. prices of substitutes in production change.
c. the price of the good changes.
d. supplier expectations about future prices change.
If the price of the good changes, one would talk about a change in the quantity of the good delivered rather than a change in supply.
According to the law of supply, when a good's price increases, so does the amount supplied, and when a good's price decreases or decreases, so does the quantity supplied. According to the law of supply, when a good's price increases, so does the amount supplied, and when a good's price decreases or decreases, so does the quantity supplied. In order to maximise profit and income, producers often manufacture and supply more items and services when the price is high. The law of demand asserts that when a good's price increases, the amount desired decreases or increases, and vice versa.
Learn more about supply from
https://brainly.com/question/1222851
#SPJ4
2.
Which of the following refers to the amount of money that a retailer makes after
accounting for expenses?
you own the orlando orange company. for years you have lusted after the atlanta apple company. finally, its owner dies, and you buy the firm from his son. you have made
By acquiring the Atlanta Apple Company, one has the opportunity to capitalize on several benefits.
Firstly, one gains access to a well-established brand with a loyal customer base. The Atlanta Apple Company likely has a recognized presence in the market, which can provide a significant advantage in terms of brand recognition and customer trust. Furthermore, acquiring another company can lead to synergies and economies of scale. One can leverage shared resources, such as manufacturing facilities, distribution networks, and administrative functions. This consolidation of operations can result in cost savings and operational efficiencies, ultimately enhancing the profitability of your combined business.
However, it's important to carefully manage the integration of the two companies to ensure a successful transition. This involves aligning business strategies, merging organizational cultures, and effectively integrating systems and processes. Proper integration planning and execution will maximize the potential benefits of the acquisition and mitigate any potential risks or challenges. Overall, acquiring the Atlanta Apple Company presents exciting prospects for your business, including expanded market presence, cost efficiencies, access to new technologies, and increased competitiveness. With the right strategic approach and effective integration, this acquisition has the potential to drive long-term growth and success for the Orlando Orange Company.
Learn more about business here:
https://brainly.com/question/31668853
#SPJ11
Blossom Company is considering an investment that will return a lump sum of $850,000 3 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Blossom Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.)
Ale jak się okazało w Polsce dniu narty nie skierowane to dniu tym świecie i jest ogóle nie ma problemu z tym że nie ma przecieku co w wszystko jutrzejszym terminie
1.1.5 These are public goods for which it is possible to exclude free riders by levying fees and tolls. A. Non-rejectable B. Free goods C. Community goods D. Collective goods (5 x 2) (10)
Collective goods are public goods for which it is possible to exclude free riders by levying fees and tolls.
What are collective goods?Collective goods are goods that are non-excludable, meaning that it is impossible or very difficult to exclude people from using them, but they are still rivalrous, meaning that their use by one person can reduce their availability for others.
Examples of collective goods include public parks, highways, and national defense. However, it is possible to exclude free riders from using collective goods by levying fees or tolls, which can help to generate revenue to maintain and improve the quality of the goods.
Learn more about public goods at:
https://brainly.com/question/30387283
#SPJ1
If the labor force is 1000 workers, but 32 are unemployed, what is the unemployment percentage?
3.2% is the unemployment percentage, if the labor force is 1000 workers, but 32 are unemployed.
What is the reason of unemployment?Unemployment is influenced by a lot of circumstances on both the demand and supply sides. Rising interest rates, a global recession, and a banking meltdown may all contribute to demand-side decreases. Underemployment and structural employment have a big impact in the supply side.
Thus, it is 3.2 percent.
For more details about reason of unemployment, click here:
https://brainly.com/question/9288794
#SPJ1
Explain what certificates of deposit (CDs) and money market mutual funds are.
Explanation:
certificate of deposit CDs are saving accounts that earns interest and it's insured by the federal governmentit.It has higher rates and give no access to your money until a term ends. Funds get locked up for a set period of months or years, and withdrawing early typically results in a penalty, such as several months to a year’s worth of interest. Most often, CD rates are fixed.
Money market accounts are also savings account insured by the federal government they usually offer some access and rates comparable to regular savings accounts. You can withdraw money six times a month. They generally have larger minimum balances and sometimes offer checks. Money market account rates are subject to change over time.