Answer:
Mutual Funds are simply a way to pool money together and buy more stocks. You invest into a mutual fund along with many other people. Then your pooled money is invested by the manager of the mutual fund. They are generally conisdered safe as they are run by "stock gurus".
Answer:
22,401,500 MXN exit from account
Explanation:
Given:
MXN at 22.4015
Amount = $1,000,000
MXN at short position
Find:
Flow of MXN
Computation:
MXN at short position so, flow is exit
MXN exit = 1,000,000 × 22.4015 )
22,401,500 MXN exit from account
Answer:
$3,384.31
Explanation:
first of all we must determine how much money do you need to pay for 3 years of the facility:
PV = $100,000 x 2.6730 (PV annuity factor, 6%, 3 periods) = $267,300
if your mother does not invest more money, she will have $200,000 x (1 + 6%)⁴ = $252,495
this means that your mother will be $267,300 - $252,495 = $14,805 short
her annual contribution = $14,805 / 4.3746 (FV annuity factor, 6%, 4 periods) = $3,384.31
Answer:
Option (a) is correct.
Explanation:
Average of quantity supplied:
= (70,000 + 30,000) ÷ 2
= 50,000
Percentage change in quantity supplied:
= (70,000 - 30,000) ÷ 50,000
= 0.8
Average of price change:
= (8 + 4) ÷ 2
= 6
Percentage change in price:
= (8 - 4) ÷ 6
= 0.667
Therefore,
Elasticity of supply in the market for gadgets:
= Percentage change in quantity supplied ÷ Percentage change in price
= 0.8 ÷ 0.667
= 1.2
