If an individual produces $1,one hundred a year, next restrict let share would-be just $step one,100000

If an individual produces $1,one hundred a year, next restrict let share would-be just $step one,100000

For this reason, there clearly was a total of toward $221,100 becoming exhausted about rates of $31,100 a-year = regarding the eight

The average equilibrium significantly more today frame try $one hundred,one hundred (doing harmony is $two hundred,000 and you can find yourself harmony try 0) x 3% attract = $3,100 annual focus attained x eight many years = $21,000 appeal gotten done.

Good. 100% of cash otherwise $5,500, almost any try lessB. 100% of cash or $5,500, almost any try greaterC. 100% cash or $11,one hundred thousand, any is largely lessD. 100% cash otherwise $eleven,one hundred thousand, whichever was large

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