You just won a state lottery prize of $100,000. Out of this prize, lottery officials will withhold 20% for federal income taxes. (There are no state income taxes on California state lottery winnings). You have credit card debt equal to 50% of your individual annual earnings. (If you are unemployed, assume you earn $20,000 plus $100 for each year of your age per year-For example, if you are 25, your earnings would be $20,000 + 25 x 100 = 2,500. Total earning $22,500 ). You would like to save some money for your retirement and you would like to take a vacation costing $5,000. If your credit card interest rates averaged 18%. How much would you save in a year if you paid your credit card balance in full? How much would you have left over to save?
In case you have a similar question and need it answered for you just click Order Now. At Academizzed.com we have all the most qualified academic writers and tutors, for all your assignments, essays, cases studies, discussion posts, project proposals, research papers, discussion posts, nursing assignments, admission essays, blog articles, and other forms of academic work.