These rights are known as property rights. Property rights allow a person to do what they want with their property, within regulation. These are included in the bundle of rights a time-share buyer has because they are allowed to use, sell, or rent their time-share.
Answer:
Part 1: Valerie takes home $3750 per month
Part 2: $750
Part 3: $515
Part 4: 20% of Valerie's monthly take-home pay
Part 5: No
Explanation:
Part 1:
Monthly take-home pay = yearly take-home pay/12 = $45,000/12 = $3750
Part 2: 20% of Valerie's monthly take-home pay = 20/100 × $3750 = $759
Part 3
Total expenditure every month = car loan payment + credit card payment = $405 + $110 = $515
Part 4
20% of Valerie's monthly take-home pay is $750
Total expenditure every month towards paying her debt is $515
20% of Valerie's monthly take-home pay is greater than her monthly expenditure in paying her debt
Part 5
She is not in danger of credit overload because her monthly take-home pay ($3750) far outweighs her monthly total expenditure ($515)
Answer:
The two accounts will have the same balance after 41.8 years
Explanation:
Hi, first, let´s intruduce the mathematical expression for the future value of each investment.
$2,000 compounded continously
$11,000 at 4% compounded annually (equivalent to effective annual)
Since the problem is asking when the future value of both investment will reach an equal amount of money, we solve for "t" the resulting expression:
So, this 2 accounts will need 41.8 years to equal their balance. You can check your result by substituting "t" in both equations, they must have the same future value.
Best of luck.
Answer:
$63,000
Explanation:
Given that the total profit is $90,000 per year.
The average federal tax rate is 24% and the state tax rate is 6%.
So, total tax rate = 24% +6% =30%
Total taxable amount = 30% of $90,000
=(30/100)x 90,000=$27,000
The remaining amount = $90,000 - $27,000 = $63,000
Hence, I will keep $63,000 of my profit.