Answer:
Results are below.
Explanation:
Giving the following information:
Monthly saving= $200
Future value= $9,384.44
Number of years= 3
<u>a) To calculate the Future Value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,400*[(1.11^3) - 1]} / 0.11
FV= $8,021.04
<u>b) To calculate the semiannual deposit, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= semiannual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
i= 0.15/2= 0.075
n= 3*2= 6
A= (9,384.44*0.075) / [(1.075^6) - 1]
A= $1,295.47
<u>c)</u> i= 0.1375/4= 0.0344
n= 3*4= 12
A= (FV*i)/{[(1+i)^n]-1}
A= quarterly deposit
A= (9,384.44*0.0344) / [(1.0344^12) - 1]
A= $644.89
<u>d)</u> i= 0.115/12= 0.0096
n= 3*12= 36
A= (FV*i)/{[(1+i)^n]-1}
A= monthly deposit
A= (9,384.44*0.0096) / [(1.0096^36) - 1]
A= $219.46
<u>e)</u> i=0.0825/52= 0.0016
n= 3*52= 156
A= (FV*i)/{[(1+i)^n]-1}
A= weekly deposit
A= (9,384.44*0.0016) / [(1.0016^156) - 1]
A= $53.01
Answer:
NO , 100 shares purchase of GMS is not included in GDP
Explanation:
GDP is gross value of final goods & services produced by an economy in its domestic territory during a financial year .
Purchase of 100 Shares of General Motor stock is not included in GDP : Because it does not lead to any new production of goods & services , is mere transfer of ownership from company to shareholders . Similarly , Debenture selling is also not included
It is analogous to the rule of excluding second hand goods from GDP , since they have not lead to any new goods / services & are mere transferred from one owner to another .
However , any Brokage fee / commission paid related to either of these is included because it is factor income for a productive intermediary service. Also , returns on shares i.e Dividend (or even Interest on debetures) are included - since these are factor income to factors of production (capital component share) .
<u>Explanation:</u>
<em>Since the list of ten weaknesses has been provided, the sample rewrite based on the needed corrections provided could read;</em>
To: Management Staff
From: Nathan Weintraub
Subject: Invitation to attend interviewing sessions.
<em>"Management would love to invite you to three interviewing sessions for the selection of internship students.</em>
<em>Because of proven expertise and years of experience working in this company, management deems you fit to make the best selection for the company. Hence, we are thus confident that you would give this task your best....."</em>