Answer:
Computation of contribution to retirement fund
Annual payment that the investor wants to receive after retirement = 13000
Number of years after retirement = 15
Interest rate = 0.11
Value of the fund at 12th year (Use Present Value Formula) = -93,481.30
Years remaining to retirement = 10
Interest rate = 0.09
Annual contribution upto retirement (Use PMT Formula) = -14,566.27
Answer:
The correct answer is $19 trillion
Explanation:
Gross Domestic Product (GDP) is the total market or monetary value of all the goods and services produced by a country within its borders over a given period of time. It is used as a measure of a country's economic health, due to its broad coverage.
The formula for calculating GDP is: GD
P = C + I + G + (
X − M
)
where :
C = private consumption (consumer goods)
I = gross investments (investment goods)
G = government investments or government spending (govt. services)
X = export
M = import
Therefore:
GDP (in trillion) = 10 + 4 + 6 + (4 - 6) = 10 + 10 - 1 = $19 trillion dollars.
Please note that there is the nominal GDP and real GDP.
Nominal GDP is the total value of all the final goods and services a country produces within a year, while real GDP is the value of the goods and services produced within a year, putting inflation effects into account.
Answer:
$2,000
Explanation:
Data provided in the question
Number of shares purchased = 100 shares
Price of common stock = $25
Given percentage = 50%
Based on the above information, there is no borrowing taken place in a margin account because there is a minimum requirement to maintain $2,000 in equity and when the purchase is made lower than $2,000 so it is important to pay the amount in full and the deposits are important when it is made more than $2,000 in the case when the trade is more than $4,000
Answer:
The interest revenue on note receivable that will be recognized at maturity is $1700.
Explanation:
The note is a three months note. So, the interest that will be charged on the note for the period the note was outstanding, i.e. three months from June to August. The rate that is given is an annual rate. Thus, the interest on note for three months period will be,
Interest revenue on note = 68000 * 0.1 * 3/12
Interest revenue on note = $1700
