<span>Cash advance fee:
2% of $200 = 0.02 * 200.00 = $4.00
One month's interest, if the interest is compounded monthly:
18% of $204.00, divided by 12 months/year = 0.18 * 204.00 / 12 = $3.06
Total paid:
$200 + $4 + $3.06 = $207.06
Paying directly with the card instead of borrowing cash would have saved the $4 charge and would also have reduced the interest from $3.06 to $3.00.
Paying directly with the card and then paying before the billing cycle would also save the $3.00.She would only have paid the original $200, saving the whole $7.04.
Effect of paying directly with the card and paying it off before the billing cycle: $200 total paid, saving $7.04 in fees and interest.</span>
Answer:
The correct answer is letter "B": $6,300.
Explanation:
According to the information disclosed by the Internal Revenue Service (IRS) in 2016, the standard deduction for dependents is the excess of earned income plus $350 or $1,050. That deduction cannot be greater than the current year standard deduction amount.
<em>For 2016, the standard deduction for a single filer was as maximum as $6,300. For 2019, the standard deduction for single filers is $12,200</em>.
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hope that helps!
Hello!
If you choose the sum of 90000 dollars at an annual interest rate of 5% then that is 4500 annually on return on the 90000 sum. So if u choose 5000 a year forever but starting after 5 years then it will take roughly 5yrs plus 90000/5000 = 90/5 = 18yrs plus the 5yrs is 23yrs and that is to only get the initial 90000 sum that at this same point in time is now worth 90000 + 4500*23yrs = 193,500 dollars if stated invested that entire time. So we can determine that the initial lump sum with and annual 5% interest rate is the much better choice.
Hope this helps you! Thank you!!!