Howard is saving for a long holiday. He deposits a fixed amount every month in a bank account with an EAR of 8.9%. If this account pays interest every month then how much should he save from each monthly paycheck in order to have $ 12 comma 000 in the account in five years' time?

Read the following scenario and answer the question in 5-10 sentences. you are the owner of a small business that is a defendant in a lawsuit in federal court. you received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. your lawyer tells you that it is within your legal right to hire him to file an appeal with the united states court of appeals. if the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. evaluate your lawyer’s suggestion about appealing the decision.

Money from an allowance or job is known as .

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