Answer:
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Explanation:
Use the formula for compound interest, with <em>semiannual</em> compound interest rate.
For<em> semiannual </em>compound interest the number of periods, n, in a year is 2.
APR is the annual percentage rate, which is 6% in this problem. So, APR is 6%/2 = 0.06/2 = 0.03
Then, substitute in the formula with:
- Future value: $50,000
- APR/n = 0.03
- n × t = 2 × 8 = 16
Round to the nearest dollar: $31,158.
Answer:
c. forget the repairs and sell the house as it is for $250,000.
Explanation:
The best option from the shown is to foget about the repairs and directly seel it at $250,000 because that leaves her with a loss of $50,000 instead of a $60,000 loss on her money, that is the best option financially. Also as the time passes the plan for the creation of the landfill downstreet will become more and more known and the value could decrease more.
The answer is A. 0. 6% of $42,000 is $2520. You only have $567 in medical expenses. You're expense has to be more than $2520 before you can deduct it.
Answer:
The correct answer is letter "C": $75.
Explanation:
The outstanding balance in a credit card represents the amount of money the account holder used out of the credit limit of the card. It also represents the debt the cardholder has with the financial institution that issued the card. The full credit limit will be available once the outstanding balance is paid off.
Thus, if the credit limit of a card is $800 and its outstanding balance is $725, the account holder can use $75 ($800-$725 = $75) for the upcoming month.