Thus, discover a maximum of on $221,one hundred thousand becoming exhausted from the price of $30,000 a-year = in the seven

Thus, discover a maximum of on $221,one hundred thousand becoming exhausted from the price of $30,000 a-year = in the seven

If a person brings in $step one,000 per year, then the restriction allowed share could be just $step one,100

An average equilibrium more now frame try $100,000 (starting equilibrium try $2 hundred,one hundred thousand and you may ending equilibrium is actually 0) x step 3% attention = $step three,100 yearly appeal received x seven age = $21,000 attract gained complete.

A good. 100% of money otherwise $5,five-hundred, almost any is lessB. 100% of income otherwise $5,five-hundred, any are greaterC. 100% of cash otherwise $eleven,one hundred thousand, whatever try lessD. 100% of cash otherwise $11,100, any type of was deeper

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