Answer:
$291
Explanation:
The amount of refund that Brianna ought to receive is the difference between the taxes paid and what needed to have been paid.
Brianna paid $837 but $546 was the right amount to pay.
Refund = $837 - $546
Refund = $291
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This is true. ..............
Answer:
It will take 4 years 6 months.
Explanation:
Required here is the period, n for an investment to grow to $50,000 and this is calculated as follows :
Pv = - $15,000
Pmt = - $4,500
P/yr = 1
r = 12 %
Fv = $50,000
n = ?
Using a Financial Calculator, the period, n for an investment to grow to $50,000 is 4.50 or 4 years 6 months.