Solution:
The home sells for = $120000
The commission that is paid by the seller is 3 percent
Therefore, commission = 3% of $120000 = $3600
The sales-person is on a 65 percent commission schedule with her broker which means that the saleperson gets the 65 percent amount of the commission.
Thus, the amount which is received by the salesperson from the given transaction is = 65% of $3600 = $2340
Therefore, the salesperson receives $2340 amount from the said transaction.
Explanation:
Negative implications of the Pygmalion Effect: Unjustified expectations end up becoming real. ... Secondary teachers have lower expectations to colored students and students from poor and disadvantaged backgrounds.
Answer:
b) Has a higher expense ratio than an index fund
Explanation:
A mutual fund is a diversified investment tool. The fund is a collection of different types of stocks that form a single investment asset. It is a basket of stock trading as a single asset. Purchasing one unit of a mutual fund is equivalent to purchasing several portions of each stock that make up the mutual fund.
A professional manager manages the mutual fund. He or she carefully selects the stocks that go into the basket forming the mutual fund. The manager charges a professional fee, which is usually a percentage of the investment. Due to this fee, a mutual fund is relatively expensive as compared to an index fund that does not require the input of a manager.
Answer:
Final balance = $ 14,272.93
Explanation:
Annual Deposits(PMT) = $1,000
Number of years(N) = 12
Rate of interest (r) = 3.1% = 0.031
Future Value = ?
Computation:
![Future\ Value = PMT[\frac{(1+i)^n-1}{i} ] \\Future\ Value = 1,000[\frac{(1+0.031)^{12}-1}{0.031} ] \\Future\ Value = 1,000[\frac{(1.031)^{12}-1}{0.031} ] \\Future\ Value = 1,000[\frac{1.44246-1}{0.031} ] \\Future\ Value = 1,000[\frac{0.44246}{0.031} ] \\Future\ Value = 1,000[14.2729] \\Future\ Value = 14,272.9252](https://tex.z-dn.net/?f=Future%5C%20Value%20%3D%20PMT%5B%5Cfrac%7B%281%2Bi%29%5En-1%7D%7Bi%7D%20%5D%20%5C%5CFuture%5C%20Value%20%3D%201%2C000%5B%5Cfrac%7B%281%2B0.031%29%5E%7B12%7D-1%7D%7B0.031%7D%20%5D%20%5C%5CFuture%5C%20Value%20%3D%201%2C000%5B%5Cfrac%7B%281.031%29%5E%7B12%7D-1%7D%7B0.031%7D%20%5D%20%5C%5CFuture%5C%20Value%20%3D%201%2C000%5B%5Cfrac%7B1.44246-1%7D%7B0.031%7D%20%5D%20%5C%5CFuture%5C%20Value%20%3D%201%2C000%5B%5Cfrac%7B0.44246%7D%7B0.031%7D%20%5D%20%5C%5CFuture%5C%20Value%20%3D%201%2C000%5B14.2729%5D%20%5C%5CFuture%5C%20Value%20%3D%2014%2C272.9252)
Final balance = $ 14,272.93
