1. What is Amoral?
Amoral is something that is neither good nor bad. An example is when you have a job that you do not like, but you continue to stay there for the money. So say one day you get fired from the job; in a way you would be happy about it because you were miserable everyday that you were there and in another way you would be sad because you no longer have a form of income. Another example is if you get a promotion on your job and it requires you to move to a different state. You would be happy about it because it is a new opportunity, but then you would be sad because you have to move your family to a different area and start over again.
What is Murphy Law?
Murphy Law is the idea that anything thing that can go wrong will go wrong. So say that you are trying to set up a bank account and everything that can go wrong is the tellers are being rude, they have messed up the money that is suppose to be in your account, and to top it all of they ended up losing the money you deposited. Another example is when it is the morning of a new day and you woke up 30 minutes late, so by the time you get to school you are behind already. To top that off you have failed one of your quizzes, and it is raining and you are unprepared. You feel like nothing in the world could make your day go better. These two are examples of how started of your day or something the wrong way makes everything else thrown off.
Explain Compound Interest?
Compound Interest is basically when you have money either you owe or money sitting in a bank, and the longer it sits there the more interest is collects. So when you owe money the longer you take to pay a bill the more money you will end up owing in the long run. The other one for money sitting in a bank is that the longer the money sits in a bank without being touched the more money you will get from it. In the Ben and Arthur scenario; you had to brothers and one was wiser with their money at a younger age and one was not so wise with his money. At the age of 19 Ben started depositing $200 per month until he was 27. At the age of 27 Ben stopped depositing money and just let it sit there and collect interest. On the other hand Arthur his brother decided to start depositing money when he turned 27 which meant he was already way behind Ben. By the time they were 65 I believe Ben had a sufficient amount of more money than Arthur because his money had more years to gain interest and in those years the interest rate kept on going up. Arthur was the underdog the whole time because he never stopped depositing money and he also never caught up to Ben.
Amoral is something that is neither good nor bad. An example is when you have a job that you do not like, but you continue to stay there for the money. So say one day you get fired from the job; in a way you would be happy about it because you were miserable everyday that you were there and in another way you would be sad because you no longer have a form of income. Another example is if you get a promotion on your job and it requires you to move to a different state. You would be happy about it because it is a new opportunity, but then you would be sad because you have to move your family to a different area and start over again.
What is Murphy Law?
Murphy Law is the idea that anything thing that can go wrong will go wrong. So say that you are trying to set up a bank account and everything that can go wrong is the tellers are being rude, they have messed up the money that is suppose to be in your account, and to top it all of they ended up losing the money you deposited. Another example is when it is the morning of a new day and you woke up 30 minutes late, so by the time you get to school you are behind already. To top that off you have failed one of your quizzes, and it is raining and you are unprepared. You feel like nothing in the world could make your day go better. These two are examples of how started of your day or something the wrong way makes everything else thrown off.
Explain Compound Interest?
Compound Interest is basically when you have money either you owe or money sitting in a bank, and the longer it sits there the more interest is collects. So when you owe money the longer you take to pay a bill the more money you will end up owing in the long run. The other one for money sitting in a bank is that the longer the money sits in a bank without being touched the more money you will get from it. In the Ben and Arthur scenario; you had to brothers and one was wiser with their money at a younger age and one was not so wise with his money. At the age of 19 Ben started depositing $200 per month until he was 27. At the age of 27 Ben stopped depositing money and just let it sit there and collect interest. On the other hand Arthur his brother decided to start depositing money when he turned 27 which meant he was already way behind Ben. By the time they were 65 I believe Ben had a sufficient amount of more money than Arthur because his money had more years to gain interest and in those years the interest rate kept on going up. Arthur was the underdog the whole time because he never stopped depositing money and he also never caught up to Ben.