Answer:
$201,805.67
Explanation:
The formula for calculating future value = A (B / r)
B = [(1 + r)^n] - 1
A = amount
R = interest rate = 8.5 / 2 = 4.25%
N = number of years = 12 x 2 = 24
(1.0425^24 - 1 ) / 0.0425 = 40.361134
40.361134 x $5,000 = $201,805.67
Answer:
Short term capital loss and $10,800
Explanation:
Remaining balance - Capital gains
$18,000 - $7,200 = $10,800
Monty can report the bad debt of $18,000 as short term capital loss since it is expense for the business and receivables are not recoverable. This amount can be reported as loss of the business.
Answer and Explanation:
The Asian financial crisis started in Thailand, and then quickly spread to neighboring economies. It started as a currency crisis when Bangkok backed by gold the Thai baht by the us dollar, setting in motion a series of downturns of currencies .
Self-fulfilling recession applies to a circumstance, where a financial crisis is not directly caused by unsustainable fundamental economic circumstances or unsuitable government policies, but a result of consumer negative expectations. In other terms, the fear of the recession among creditors made the crash imminent, which happen by their initial expectations.