Question

question 11 (1 point) when using p2p payments, the video we watched stated, once you send it, you spent it what does this mean & why is it important to be cautious with these types of payments? question 12 (1 point) which of the following is a good reason to start saving for retirement in your early 20s? o a youll benefit substantially from compounding interest over all those years o b you might have student loan debt to pay off as well o c banks typically offer young people higher interest rates, so youll earn more interest o d banks typically offer young people lower interest rates, so youll pay less in interest

Explanation:

Compound interest is calculated on the initial principal and also on the accumulated interest from previous periods. Starting to save early allows more time for compounding, leading to significant growth over the years. Student loan debt (b) is a financial obligation but not a reason to start saving for retirement. Banks do not typically offer higher (c) or lower (d) interest rates based solely on age for general savings accounts.

Answer:

A. You'll benefit substantially from compounding interest over all those years