Chuck has a credit card balance of $4,750 with an APR of 17%. With his existing debt payment plan, Chuck will not be able to pay off the debt for another 20 months. To speed up the process, Chuck decides to take $2,000 from his savings and apply it to the balance. He plans to pay the remaining balance in 12 months. How much will Chuck save in finance charges (interest) by doing this

Russell's is considering purchasing $697,400 of equipment for a four-year project. the equipment falls in the five-year macrs class with annual percentages of .2, .32, .192, .1152, .1152, and .0576 for years 1 to 6, respectively. at the end of the project the equipment can be sold for an estimated $135,000. the required return is 13.2 percent and the tax rate is 23 percent. what is the amount of the aftertax salvage value of the equipment assuming no bonus depreciation is taken