If you file for Chapter 7 or 11, it will remain on your credit report for up to 10 years. If you file for Chapter 13, it may stay on your report for up to seven years. A Chapter 11 bankruptcy will stay on the business's credit report, not the individual owner's, unless they file a personal bankruptcy.
Answer:Purchasing power in todayâs dollars = $289,287/1.02536 = $118,924. 4) You plan to save $7,000 each of the next 40 years, and invest that money in an account that pays 9% annual interest. In addition, you plan to pay for your childâs college education beginning in 20 years.
Letâs say you are planning to buy a home next year and you are wondering what to do with the $50,000 youâve saved for the down payment. You donât need the money for 12 months. So you ask your stock broker what to do with that cash.etâs say you are planning to buy a home next year and you are wondering what to do with the $50,000 youâve saved for the down payment. You donât need the money for 12 months. So you ask your stock broker what to do with that cash.