Answer:
A 15.64%
Explanation:
300*1.18 = 354
354*0.02 = 7.08
354 - 7.08 = 346.92
rate of return = 346.92/300
= 15.64%
Therefore, The rate of return on the fund is 15.64%
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Answer:
The correct answer is $7,650.
Explanation:
According to the scenario, the computation of the given data are as follows:
Gross income from business $75,000
Business deductions (Less) $80,000
Interest and dividend income (Add) $22,000
Gross income $17,000
Standard deduction (Less) $5,700
Exemption (Less) $3,650
Net Taxable income $ 7,650
So, the net taxable income is $7,650.
The formula is
A=P (1+r/k)^kt
A future value?
P present value 200
R interest rate 0.08
K compounded semiannual 2
T time 3years
A=200×(1+0.08÷2)^(2×3)
A=253....answer
Answer:
Financial Services Modernization Act
Explanation:
The Financial Services Modernization Act also called The Gramm–Leach–Bliley Act was enacted in 1999 and it removed barriers that prohibited an insitution to act as a combination of investment bank, commercial bank and insurance company. This law allowed companies in the financial industry to integrate their operations. According to this, the act that permitted the creation of full-service financial institutions that could engage in banking, insurance, and securities activities was the Financial Services Modernization Act.
