Search found 63 matches

by KBREAMK
Thu Jun 13, 2019 3:19 pm
Forum: Personal Investments
Topic: High net worth individual seeks portfolio advice
Replies: 80
Views: 7884

Re: High net worth individual seeks portfolio advice

Congrats on your success! To your question... and I'm a baby BH so please take this advice with a grain of salt... but how about this? 5% - VTSMX - Vanguard Total Stock Mkt 95% - VBMFX - Vanguard Total Bond Mkt Had you invested $10,000,000 into this two-fund portfolio in 1985 you'd now have a balanc...
by KBREAMK
Wed Jun 12, 2019 9:30 am
Forum: Personal Finance (Not Investing)
Topic: To Refinance or Not
Replies: 2
Views: 243

Re: To Refinance or Not

I would shop more. Look at aim loan and bankrate.com. I am assuming your rolling the HELOC into the new mortgage. Nothing looks wrong with your assumptions and the 20 year fixed is always better. You may be able to find a lower rate 15 year that you can handle, that would be even better. Are you ro...
by KBREAMK
Wed Jun 12, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: To Refinance or Not
Replies: 2
Views: 243

To Refinance or Not

We are currently 4 years into a 30 year fixed mortgage with a fixed interest rate of 4.25%. Earlier this year we took out a HELOC of $20,600 that is currently at a variable rate of 2.99%. Our current mortgage payment is $2,404 (includes taxes and insurance) and we pay $400 towards the HELOC each mon...
by KBREAMK
Tue Jun 11, 2019 4:09 pm
Forum: Personal Investments
Topic: Portfolio Review: New to VAS + Large Family
Replies: 10
Views: 767

Re: Portfolio Review: New to VAS + Large Family

The Vanguard Intermediate-Term Bond Index Fund - VBILX is from my 401k provider (not Vanguard). They don't offer the total bond index fund although they added the total stock market fund at my request so maybe they will add the total bond index fund if I ask? Oh I didn’t realize that one is in your...
by KBREAMK
Tue Jun 11, 2019 2:10 pm
Forum: Personal Investments
Topic: Portfolio Review: New to VAS + Large Family
Replies: 10
Views: 767

Re: Portfolio Review: New to VAS + Large Family

I suggest that you undertake one more step of simplification, dump the international bonds and consolidate into Vanguard Total Bond Index fund. International bonds only add complexity with no corresponding increase in diversification benefit or returns. I also suggest that having Vanguard Intermedi...
by KBREAMK
Tue Jun 11, 2019 11:28 am
Forum: Personal Investments
Topic: Portfolio Review: New to VAS + Large Family
Replies: 10
Views: 767

Re: Portfolio Review: New to VAS + Large Family

... Thanks! So the percentages should be done for each “section” correct? In other words, the taxable section percentages will add up to 100%. Am I correct? If so, I will get to work on the original posting. No, add up all your retirement assets and that's your denominator. Should be about $950k. F...
by KBREAMK
Mon Jun 10, 2019 5:15 pm
Forum: Personal Investments
Topic: Portfolio Review: New to VAS + Large Family
Replies: 10
Views: 767

Re: Portfolio Review: New to VAS + Large Family

Your portfolio looks pretty clean. I think you're a little light on bonds - it would be helpful to list each asset's percentage. I suggest you update your post and put the percentage in front of each asset. You should exclude the education accounts from this calculation. Something like this is help...
by KBREAMK
Mon Jun 10, 2019 4:21 pm
Forum: Personal Investments
Topic: Portfolio Review: New to VAS + Large Family
Replies: 10
Views: 767

Portfolio Review: New to VAS + Large Family

Edited to add percentages as well as a summary of all retirement assets. Thanks in advance for any and all advice. Please let me know if I missed anything. I have tried to be as detailed as possible. Emergency funds: 5 months living expenses saved and in money market paying 2.5% Debt: Mortgage: $295...
by KBREAMK
Thu Jun 06, 2019 3:55 pm
Forum: Personal Investments
Topic: 3 fund portfolio question
Replies: 7
Views: 1042

Re: 3 fund portfolio question

is there a link or material i can read up on to help decide what % of stocks should be in US vs international funds? i hold very small amount in bonds and am fine with the risk. but i haven't learned how to decide what amount i should hold in US vs International funds. thanks! I asked the same ques...
by KBREAMK
Wed May 29, 2019 10:02 am
Forum: Personal Consumer Issues
Topic: $3k for teen club soccer
Replies: 104
Views: 7114

Re: $3k for teen club soccer

So our 14-yr old tried out for a local soccer club here in TX. I figured it would be ~$1k like it was in CA. The paperwork after the tryout said he'll land in one of three tiers: - $2.8k - $2.2k - $1.7k Seems like a lot. Is this typical? I live in North Texas and my daughter played select soccer fo...
by KBREAMK
Thu May 16, 2019 9:20 am
Forum: Personal Investments
Topic: Please Help me Create a 3-Fund Portfolio with these Index Funds
Replies: 35
Views: 2588

Re: Please Help me Create a 3-Fund Portfolio with these Index Funds

Wow, your 401k is fantastic. One of the best I've seen. You even have DFA small value and DFA small emerging market funds. I would tilt, tilt, tilt. TexasRon: Stick to a Total Market Index Fund for simplicity, low-cost and usually better returns: -------------------------------------------------- 5...
by KBREAMK
Wed May 15, 2019 2:31 pm
Forum: Personal Investments
Topic: Please Help me Create a 3-Fund Portfolio with these Index Funds
Replies: 35
Views: 2588

Re: Please Help me Create a 3-Fund Portfolio with these Index Funds

Don't worry... I am not listening to their advice... especially since when I asked him why they didn't offer VTSAX (Total Stock Market) he didn't know what the fund was. My guess is this was a junior dude assigned to small company plans told to read from a script. Probably does have something of a ...
by KBREAMK
Wed May 15, 2019 1:39 pm
Forum: Personal Investments
Topic: Please Help me Create a 3-Fund Portfolio with these Index Funds
Replies: 35
Views: 2588

Re: Please Help me Create a 3-Fund Portfolio with these Index Funds

Quick update. I just had my "onboarding" call with the new 401k provider's "advisor." No cost for it and I don't have to talk to him again. His comments were these 3 funds looked good but, in their opinion, someone at my age (45) should have 0% in bonds and should have 100% in equities split between...
by KBREAMK
Wed May 15, 2019 8:49 am
Forum: Personal Investments
Topic: Vanguard or Fidelity (advisor support)
Replies: 19
Views: 1570

Re: Vanguard or Fidelity (advisor support)

My wife has to roll over her retirement and we are considering Vanguard or Fidelity. Which one has better advisor support for novice investors? I recently transitioned away from a Merrill Lynch advisor to Vanguard's advisory service. I have been very pleased. With this said... I do plan to go on my...
by KBREAMK
Wed May 15, 2019 8:42 am
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 7214

Re: For how long will the forum be around?

Until the "When do I take Social Security?" question is resolved to everyone's satisfaction. :oops: Add to that the discussions concerning how much international to own. :| This nearly made me spit my coffee out since I recently asked this very question! Sorry! I am still a baby Boglehead! :sharebeer
by KBREAMK
Mon May 13, 2019 4:10 pm
Forum: Personal Investments
Topic: Please Help me Create a 3-Fund Portfolio with these Index Funds
Replies: 35
Views: 2588

Re: Please Help me Create a 3-Fund Portfolio with these Index Funds

Thanks for all of the advice folks. Much appreciated. I just made my elections while waiting for the money to arrive from old 401k provider. Decided to go with 70/30 asset allocation. iShares S&P 500 Index (WFSPX): 55% Vanguard Developed Markets Index Admiral (VTMGX): 15% Vanguard Interm-Term Bond I...
by KBREAMK
Wed May 08, 2019 11:10 am
Forum: Personal Investments
Topic: Please Help me Create a 3-Fund Portfolio with these Index Funds
Replies: 35
Views: 2588

Re: Please Help me Create a 3-Fund Portfolio with these Index Funds

make it a 3 fund and keep it really simple, 500 Index, Developed Market, and Inter. Bonds, just pick you AA of each and let it ride, the 500 is damn near the total market anyway.. That is my suggestion as well: 1) iShares 500 Index Fund; 2) Vanguard Developed Markets Index Fund Admiral Shares; 3) V...
by KBREAMK
Wed May 08, 2019 10:56 am
Forum: Personal Investments
Topic: Please Help me Create a 3-Fund Portfolio with these Index Funds
Replies: 35
Views: 2588

Re: Please Help me Create a 3-Fund Portfolio with these Index Funds

TexasRon: Forget "3% Emerging Markets." 3% is meaningless and only adds clutter. Consider Total International which includes Emerging Markets. Read my Simplicity link below. Best wishes. Taylor Thanks, Taylor. Below are my 401k choices. Are you suggesting I just use the Vanguard International Explo...
by KBREAMK
Wed May 08, 2019 10:20 am
Forum: Personal Investments
Topic: Please Help me Create a 3-Fund Portfolio with these Index Funds
Replies: 35
Views: 2588

Re: Please Help me Create a 3-Fund Portfolio with these Index Funds

Here's the revised portfolio where I adjusted my international exposure down a bit. US Equities iShares 500 Index: 48% Vanguard Small Cap Index Fund Admiral: 12% International Equities Vanguard Developed Markets Index - Adm: 12% Vanguard Emerging Markets Stock Index-Adm: 3% Bonds Vanguard Intermedia...
by KBREAMK
Wed May 08, 2019 8:41 am
Forum: Personal Investments
Topic: Please Help me Create a 3-Fund Portfolio with these Index Funds
Replies: 35
Views: 2588

Re: Please Help me Create a 3-Fund Portfolio with these Index Funds

Thank you to all for your advice! This forum is a true blessing. One follow-up question related to US Equities. Would I be wise to add some mid cap exposure like VIMAX? Right now I have the iShares 500 and the Vanguard Small Cap Index. Scroll to the first post for all of my options.
by KBREAMK
Wed May 08, 2019 8:32 am
Forum: Personal Investments
Topic: Please Help me Create a 3-Fund Portfolio with these Index Funds
Replies: 35
Views: 2588

Re: Please Help me Create a 3-Fund Portfolio with these Index Funds

Is there a suggested Boglehead recommendation for how much international one should hold in the equity side of things TexasRon: How Much International? A Suggestion. Best wishes. Taylor Thank you, Taylor. 20% sounds like a good number to me! As an aside, I hope to shake your hand at the upcoming Bo...
by KBREAMK
Tue May 07, 2019 4:12 pm
Forum: Personal Investments
Topic: Please Help me Create a 3-Fund Portfolio with these Index Funds
Replies: 35
Views: 2588

Re: Please Help me Create a 3-Fund Portfolio with these Index Funds

Using rough numbers here: 80% 500 index and 20% small cap index for U.S. equities. 80% developed markets and 20% emerging markets index for international equities. 100% intermediate term bond index for bonds. Thanks. So, assuming a preferred 75% stock / 25% bond AA... does this look about right? US...
by KBREAMK
Tue May 07, 2019 9:19 am
Forum: Personal Investments
Topic: Please Help me Create a 3-Fund Portfolio with these Index Funds
Replies: 35
Views: 2588

Re: Please Help me Create a 3-Fund Portfolio with these Index Funds

Using rough numbers here: 80% 500 index and 20% small cap index for U.S. equities. 80% developed markets and 20% emerging markets index for international equities. 100% intermediate term bond index for bonds. Thanks. So, assuming a preferred 75% stock / 25% bond AA... does this look about right? US...
by KBREAMK
Tue May 07, 2019 8:45 am
Forum: Personal Investments
Topic: Please Help me Create a 3-Fund Portfolio with these Index Funds
Replies: 35
Views: 2588

Please Help me Create a 3-Fund Portfolio with these Index Funds

My small business has chosen to move our 401k plan to a new provider. The transition will be complete in a few weeks. The new provider offers many low cost index funds... unfortunately the total stock market and total bond market funds aren't available so setting up a 3-fund like portfolio won't be ...
by KBREAMK
Fri Apr 26, 2019 2:19 pm
Forum: Personal Investments
Topic: Help Me Build a 3-Fund Portfolio with these 401k Options
Replies: 3
Views: 366

Re: Help Me Build a 3-Fund Portfolio with these 401k Options

Do you have other accounts you could mix and match with? Best options seem to be: Domestic stock: Great West S&P 500 index International stock: T Rowe Price Intl Value Bond: PGIM Total Return bond If you have an IRA somewhere else you could load up on S&P 500 Index here as the least-bad option and ...
by KBREAMK
Fri Apr 26, 2019 2:08 pm
Forum: Personal Investments
Topic: Help Me Build a 3-Fund Portfolio with these 401k Options
Replies: 3
Views: 366

Help Me Build a 3-Fund Portfolio with these 401k Options

Full Disclosure: My company is moving our 401k over to Creative Planning later this summer where I will have full access to a plethora of index funds... but, for now, these are my options. I'd like to build my own 3-fund portfolio to the best of my ability. Here are my options. The Great-West S&P 50...
by KBREAMK
Fri Apr 26, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle courses
Replies: 33
Views: 2937

Re: Side Hustle courses

I am still interested in a side hustle, I formed an LLC for what I thought was going to be a side hustle doing accounting work, but they haven't gotten back to me in two months, so I assume it is going nowhere. I keep seeing a Facebook side hustle where you run Facebook advertisements for local bus...
by KBREAMK
Mon Apr 22, 2019 12:19 pm
Forum: Investing - Theory, News & General
Topic: "Second-Grader Who Beat Wall Street -- A Decade Later"
Replies: 43
Views: 8863

Re: "Second-Grader Who Beat Wall Street -- A Decade Later"

Correct me as I may be wrong (remember... I'm a Baby BH so please be kind and patient!) but aren't these so-called "Lazy Portfolios" intended to be set it and forget (aside from rebalancing) portfolios? If so, it would seem that the Yale U Portfolio has a suggested AA as follows: https://www.market...
by KBREAMK
Mon Apr 22, 2019 12:03 pm
Forum: Investing - Theory, News & General
Topic: "Second-Grader Who Beat Wall Street -- A Decade Later"
Replies: 43
Views: 8863

Re: "Second-Grader Who Beat Wall Street -- A Decade Later"

Frankly, there is a poster here who very much appears to exhibit strong confirmation bias of the 3-fund portfolio, boasting about its relative returns vs. other portfolios when it's doing well but then stating that past performance is not indicative of future performance when it's doing relatively ...
by KBREAMK
Mon Apr 22, 2019 11:57 am
Forum: Investing - Theory, News & General
Topic: "Second-Grader Who Beat Wall Street -- A Decade Later"
Replies: 43
Views: 8863

Re: "Second-Grader Who Beat Wall Street -- A Decade Later"

I could be wrong but it seems they simply noted how these portfolios are typically composed. The Second Grade portfolio seems to suggest an aggressive BH like 3-fund portfolio of 60% total stock market, 30% total international stock, 10% total bond. That's their suggested recipe. Not sure why folks...
by KBREAMK
Mon Apr 22, 2019 11:25 am
Forum: Investing - Theory, News & General
Topic: "Second-Grader Who Beat Wall Street -- A Decade Later"
Replies: 43
Views: 8863

Re: "Second-Grader Who Beat Wall Street -- A Decade Later"

I don't see the portfolio posted. long_gamma: You can see it here (click on the "Second Grader's Starter Portfolio" link): https://www.marketwatch.com/lazyportfolio Best wishes. Taylor Thanks for the link. As i suspected all of them have different portfolio risk. Some of them have 40% bonds vs 20% ...
by KBREAMK
Mon Apr 22, 2019 9:00 am
Forum: Investing - Theory, News & General
Topic: "Second-Grader Who Beat Wall Street -- A Decade Later"
Replies: 43
Views: 8863

Re: "Second-Grader Who Beat Wall Street -- A Decade Later"

Bogleheads: Ten years ago, Boglehead adviser, Allan Roth, wrote about a Three Fund Portfolio he set-up for his seven-year-old son. Now, at age 17, the son reflects on his portfolio: Second-Grader Who Beat Wall Street -- A Decade Later Kevin, thank you for showing us that investing does not need to ...
by KBREAMK
Wed Apr 17, 2019 9:17 am
Forum: Personal Investments
Topic: Ditching Edward Jones...but need some advice & guidance
Replies: 9
Views: 1414

Re: Ditching Edward Jones...but need some advice & guidance

I feel like an idiot already because I'm almost 40 and the fees are just way too high as you all know. I'll leave the financial advice to the more experienced Bogleheads since I'm a newly born Boglehead in training! But I will comment on you feeling like an idiot since I can relate. I am 45 and was...
by KBREAMK
Sun Apr 14, 2019 1:03 pm
Forum: Personal Investments
Topic: Best college fund living inTexas
Replies: 9
Views: 777

Re: Best college fund living inTexas

I live in Texas and now have Vanguard Nevada 529s for all my kids. Chose the age based, aggressive, option for each of them. Set up automatic monthly payments into each of them and now totally hands free. I do love how they appear in my Vanguard dashboard so I can see everything in one place.
by KBREAMK
Thu Apr 11, 2019 9:54 am
Forum: Personal Finance (Not Investing)
Topic: What is a good flat rate cash back credit card?
Replies: 92
Views: 17786

Re: What is a good flat rate cash back credit card?

I'm a little late to the thread... but I have really benefited from this one as I have been formulating a credit card cash back plan. Based on what I've read here and researched this is what I am leaning towards. I currently have the AMEX card but would need to get the others. Here's the plan. Use ...
by KBREAMK
Thu Apr 11, 2019 8:37 am
Forum: Personal Finance (Not Investing)
Topic: What is a good flat rate cash back credit card?
Replies: 92
Views: 17786

Re: What is a good flat rate cash back credit card?

The best credit card I have is the Amazon Prime Visa, as it gives 5% back on Amazon and Whole Foods, which is like 50% of my spending. Yes, the Amazon delivery man visits our home daily so this card will be a huge benefit to us. I never knew it existed before reading about it last night. Long live ...
by KBREAMK
Thu Apr 11, 2019 8:21 am
Forum: Personal Finance (Not Investing)
Topic: What is a good flat rate cash back credit card?
Replies: 92
Views: 17786

Re: What is a good flat rate cash back credit card?

I'm a little late to the thread... but I have really benefited from this one as I have been formulating a credit card cash back plan. Based on what I've read here and researched this is what I am leaning towards. I currently have the AMEX card but would need to get the others. Here's the plan. Use A...
by KBREAMK
Wed Apr 10, 2019 11:11 am
Forum: Personal Investments
Topic: Vanguard Personal Advisor Services
Replies: 38
Views: 4731

Re: Vanguard Personal Advisor Services

Hello, I am considering using Vanguard Personal Advisor Services (PAS) and I am trying to get some Pros and Con's in making a decision? Pros: 1. Cannot say enough good things about how Vanguard treats its customers and its focus on keeping costs low! 2. Have a good amount of trust in this company. ...
by KBREAMK
Fri Apr 05, 2019 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Life advice or: How I learned to stop worrying and love the Bogle
Replies: 29
Views: 3054

Re: Life advice or: How I learned to stop worrying and love the Bogle

Wow. Thanks for all the insight. Much appreciated. In regards to the 529 plan for the kid, I'm in the camp of getting my life vest on first before helping. In other words, I'm going to get our retirement on track before I start funding the 529. I've read on this forum so many times, your kid can ta...
by KBREAMK
Fri Apr 05, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Life advice or: How I learned to stop worrying and love the Bogle
Replies: 29
Views: 3054

Re: Life advice or: How I learned to stop worrying and love the Bogle

Wow. Thanks for all the insight. Much appreciated. In regards to the 529 plan for the kid, I'm in the camp of getting my life vest on first before helping. In other words, I'm going to get our retirement on track before I start funding the 529. I've read on this forum so many times, your kid can ta...
by KBREAMK
Mon Apr 01, 2019 8:54 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3777
Views: 1087480

Re: What Book Are You Currently Reading? Part VI

Just finishing (by audiobook) Stay the Course and am now starting “The Bogleheads’ Guide to Investing!” I already read the Bogleheads’ Guide to the 3 Fund Portfolio. Yes, I’m late to the party but I’m finally here and learning all I can! Excited to say all of my investments are in route to Vanguard ...
by KBREAMK
Thu Mar 28, 2019 8:28 pm
Forum: Personal Investments
Topic: 529 Help
Replies: 3
Views: 318

Re: 529 Help

I just rolled into Vanguard Nevada. One from Iowa and one from New York. I just opened the account at Vanguard, it gave me some documents to sign and mail to the old plans. In about a week everything was done with no other work on my part. Just a rollover so no fees or taxes. I'm not sure about Mer...
by KBREAMK
Thu Mar 28, 2019 7:55 pm
Forum: Personal Investments
Topic: 529 Help
Replies: 3
Views: 318

529 Help

I am moving my 529s from Merrill Lynch (NextGen Maine) to Vanguard's 529 (Nevada). I live in Texas (no state tax). I am struggling with both Merrill Lynch and Vanguard to get answers to a few questions. 1. Are there any tax considerations I should be aware of? 2. Are there any exit fees? 3. How does...
by KBREAMK
Thu Mar 28, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Compound Interest Calculation
Replies: 29
Views: 1353

Re: Compound Interest Calculation

Some banks and credit unions have a rate that precisely matches the disclosed APY, while some others choose a slightly lower rate that needs to be rounded to the disclosed APY. If both are only published to two decimal places, one of them is going to be imprecise. Looking at the example I provided ...
by KBREAMK
Thu Mar 28, 2019 3:12 pm
Forum: Investing - Theory, News & General
Topic: Schwab switching to a subscription-based FP in its digital advisory service
Replies: 22
Views: 2791

Re: Schwab switching to a subscription-based FP in its digital advisory service

OK, is this correct? Assuming I have $1,000,000 to invest. If I used someone like Vanguard's Advisory Service that charges 0.30% AUM I'd be paying them $3,000 per year. If I used this new Schwab service I'd pay $360 per year ($30 per month)... plus the initial $300 start-up fee. Surely I'm missing ...
by KBREAMK
Thu Mar 28, 2019 12:12 pm
Forum: Investing - Theory, News & General
Topic: Schwab switching to a subscription-based FP in its digital advisory service
Replies: 22
Views: 2791

Re: Schwab switching to a subscription-based FP in its digital advisory service

OK, is this correct? Assuming I have $1,000,000 to invest. If I used someone like Vanguard's Advisory Service that charges 0.30% AUM I'd be paying them $3,000 per year. If I used this new Schwab service I'd pay $360 per year ($30 per month)... plus the initial $300 start-up fee. Surely I'm missing s...
by KBREAMK
Thu Mar 28, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Compound Interest Calculation
Replies: 29
Views: 1353

Re: Compound Interest Calculation

Based on what the bank gal told me (Daily Balance x 2.46% divided by 365)... here's the Excel formula I used:

=40000*(1+0.0246/365)^365
$40,996.17

I also checked it by doing a running 365 day tally showing the daily balance growing ever so slowly. I came up with the same number.
by KBREAMK
Thu Mar 28, 2019 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Compound Interest Calculation
Replies: 29
Views: 1353

Re: Compound Interest Calculation

I just called the bank and the customer service gal told me it's calculated daily as follows: Daily Balance x 2.46% divided by 365. They pay the interest out monthly on the 20th of every month.
by KBREAMK
Thu Mar 28, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Compound Interest Calculation
Replies: 29
Views: 1353

Re: Compound Interest Calculation

Upon further digging I found this. Interest Rate is the annual rate of interest paid on an account and does not reflect compounding. Annual Percentage Yield (APY) reflects the total amount of interest paid on an account, based on the interest rate and the frequency of compounding for a 365-day perio...
by KBREAMK
Thu Mar 28, 2019 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Compound Interest Calculation
Replies: 29
Views: 1353

Re: Compound Interest Calculation

I recently signed up for a high yield savings account paying 2.5% APY and am trying to remember how to calculate compound interest! Assuming I start with a $40,000 balance do I have this right? A = P (1 + r/n) ^ nt A = $40,000 x (1 + 0.025/12) ^ (12 x 1) A = $41,011.54 What is the disclosed actual ...