If 400,000 people each receive an average refund of $2,450, based on an interest rate of4 percent,

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If 400,000 people each receive an average refund of $2,450, based on an interest rate of4 percent, what would be the lost annual income from savings on those refunds?

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Personal Finance

ISBN: 978-1259720680

12th edition

Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart

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Question Posted: May 30, 2018 04:19 AM

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If 400,000 people each receive an average refund of $2,450, based on an interest rate of4 percent,

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Personal Finance

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