What is the agi
Problem:
Salary: $48,000Damage award (compensatory) for city bus accident: $18,000Loss on sale of stock investment: $5,600Loan from father to purchase auto: $14,000Alimony paid to ex-wife: $8,000What is the AGI for 2006?
Now Priced at $20 (50% Discount)
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Salary: $48,000 Damage award (compensatory) for city bus accident: $18,000What is the AGI for 2006?
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(a.) Calculate the discount rate used by the lender. (b.) Calculate the effective interest rate on the loan.
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