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3 years ago

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Which terms describe an account that does not have sufficient funds to cover all the charges made to it ?

1 answer:

aliya0001 [1]3 years ago

5 0

Answer:

Which terms describe an account that does not have sufficient funds to cover all the charges made to it?

It is called insufficient or low balance

Explanation:

When an account is unable to cover all charges made to it, it is said to be insufficient or low balance.

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$InflationAdjustedReturn=\frac{1+return}{1+inflationrate}-1$

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And so on...

$InflationAdjusted ReturnYear20=\frac{1+returnyear19}{1+inflationrate}-1=\frac{1+19,787}{1+0.05}-1=18,844$

Keep in mind that I did not write all decimals. You need to consider them if you want an exact answer

Online calculator:

https://www.ameriprise.com/research-market-insights/financial-calculators/savings-taxes-inflation/

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Answer:

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