Nicholas earned 8% in his savings account. If he is in the 28% tax bracket, what is his after-tax savings rate of return?Nicholas earned 8% in his savings account. If he is in the 28% tax bracket, what is his after-tax savings rate of return? A. 5.76 ————-Answer: 28.5714%. Based on the given conditions, formulate: 8% / 28% Convert decimal to fraction:dfrac 8/100 28/100 Re.Question: Nicholas earned 8% in his savings account. If he is in the 28% tax bracket, what is his after-tax savings rate of return? Multiple Choice 2.5% 3.6%. If Nicholas is going to pay 28% in taxes of the 8% interest he is earning, then his net percentage would be 72% of the 8%.
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what is the apy for a savings account with a $250 balance that receives $12 interest for the year?
From high-interest savings options to convenient personal accounts, Patelco Credit. 1.00% APY on balances up to $2,0002 Liquid savings No monthly fees, Low interest rate. Must maintain balance of $2,000 to avoid service charge. Requires minimum investment deposit ties up funds for term of certificate penalty. We’ve analyzed online savings accounts at banks and credit unions to find the best choices available, based on interest rates, Compare savings accounts to find the best rates. have identified the highest interest rates for traditional savings accounts. Min. balance for APY.Sue borrows $2000 at 5% annual simple interest from her bank. How much does. To find APY, it is easiest to examine an investment of $1 for one year.
time deposit is also known as
A time deposit (also known as a term deposit) is a money deposit at a bank that cannot be withdrawn for a certain term or period of time.Term Deposits, popularly known as Fixed Deposit, is an investment instrument in which a lump-sum sum amount is deposited at an agreed rate. A time deposit is a bank account that takes in an amount of cash that will bear interest with a pre-set maturity date. It pays a higher interest. There are several investment options available in the market. Among them the time deposit also known as term deposit, and the fixed deposit are usually popular. A time deposit is an interest-bearing bank account that has a set maturity date or term on it. To earn the stated interest rate in a time deposit,