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Mekhanik [1.2K]
3 years ago
5

What type of consumer debt is the largest in the united states

Business
1 answer:
ankoles [38]3 years ago
7 0

Hi !!

The largest consumer debt concerns home mortgage.

it has gone up to 9,14 trillions.

In second place comes student loans

-

☺☺☺

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The PRIMARY function of banks in the United States is to a) print money b) make banking laws c) build homes and businesses d) pr
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3 years ago
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Arvo Corporation is trying to choose between three alternative investments. The three securities that the company is considering
oee [108]

Answer:

9.635%

Explanation:

We shall use a table to compute different values as shown below.

<u>Investment</u>       <u>Return</u>     <u>Taxable amount</u>    <u>Tax Rate</u>       <u>After-tax return</u>

Dividend              9.8%             30% (n1)              18%             9.2708% (w1)

Municipal bond   8.8%              0%                      18%             8.8%

Corporate bond   11.75%          100%                   18%             9.635% (w2)

The after tax return with on the best investment alternative is 9.635% for corporate bonds

<u>Workings</u>:

W1

9.8 *0.3*0.18 = 0.5292%

Return after tax = 9.8% -0.5292% = 9.2708%

w2

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n1 : 70% of the dividends are excluded from taxation. Only 30% is to be taxed

4 0
3 years ago
A student has a savings account earning 9% simple interest. She must pay $1400 for first-semester tuition by September 1 and $14
IRINA_888 [86]

Answer: The answer is $2,759.22

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September 1st to January 1st is 4 months, this is 1/3 of a year which means that the student will earn:

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x + 3%x = 1400

x + 0.03x = 1400

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x = 1400 / 1.03

x = 1,359.22

Therefore, if the student saves $1,359.22 in the savings account By September 1st, she will have $1400 by January 1st.

Also, the student needs to make $1400 for the first semester. So overall she will need to make:

1,400 + 1,359.22 = $2,759.22 during the summer in order to ensure that she will have enough money to pay for both semesters.

7 0
3 years ago
Alpha Company is looking at two different capital​ structures, one an​ all-equity firm and the other a levered firm with ​$4.6 m
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Answer:

The break-even EBIT using EPS is $1,288,000.

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Answer:

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5 0
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