Regardless of income or wealth, setting aside some portion of current income regularly for future use helps develop good income savings.
Personal saving is the money left over after people spend their money and pay their taxes. The personal saving rate is the percentage of disposable income that people save. This rate is used to learn about Americans' financial health and to forecast consumer behaviour and economic growth. the average saving rate by income or wealth class The dotted line represents the frequently stated 4% number, which comprises the poorest 90% of income earners. The top 10% to top 1% of income earners save about 12%, which I find relatively low. Only the top 1% holds a fantastic 38%.
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Answer:
$889.70
Explanation:
The computation of the net present value is shown below:
= Present value of all yearly cash inflows after applying discount factor - initial investment
where,
The Initial investment is $10,000
All yearly cash flows would be
= Annual amount received × PVIFA for 4 years at 4%
= $3,000 × 3.6299
= $10,889.70
Refer to the PVIFA table
So, the net present value is
= $10,889.70 - $10,000
= $889.70
Based on the information given, it can be deduced that the annual percentage rate (APR) is 24%.
The annual percentage rate simply means the yearly interest that's generated by a sum that's charged to a borrower. In this case, the APR is 24% after 6 months.
Also, the credit cards that have an annual fee will be credit card 2 and 3. It can also be deduced that the grace period is the same for the three credit cards while credit 3 has a membership.
If one pays the credit card bill on time and the balance each month, the best credit card is credit card 1. Lastly, when one has a balance from time to time credit card 1 is still the best.
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Answer:
Correct option is D.
Explanation:
An accurate recommendation of the Act is that <u>there should be discussion and well understood ways that the partners will handle disagreements.</u>
Answer:
V = l x w x h.
Explanation:
Understand the volume of a rectangle equals it's length x width x height. If your box is a rectangular prism or a cube, the only information you need is the box's length, width, and height. You can then multiply them together to get volume.
