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klemol [59]
3 years ago
9

A mutual fund that attempts to hold quantities of shares in proportion to their representation in the market is called a _______

___ fund.
Business
1 answer:
aniked [119]3 years ago
5 0

Answer:

Index.

Explanation:

Mutual funds are a type of investment that takes money from many investors and uses it to make investments based on a stated investment objective.

An index fund is a type of mutual fund with a portfolio constructed to match or track the components of the market index. These are mutual funds whose holdings aim to track the performance of a specific stock market index. Index funds also track bonds, real estate, and other types of assets.  These funds are lower cost than other types of funds.

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Tanner takes out a loan today and repays the loan with eight level annual payments, with the first payment one year from today.
Inessa [10]

Answer:

Total interest = 1239.12

Explanation:

Assume;

Loan amount = P

Annual payment = X

P[1st payment] = X/[1+0475]⁸

P[1st payment] = X/[1.0475]⁸  

P[5th payment] = X/[1+0.0475]⁴

P[5th payment] = X/[1.0475]⁴

P[5th payment] = 699.68

So,

X = 699.68[1.0475]⁴

X = 842.39

P = (842.39/0.0475)(1 – 1/1.0475⁸)

P = 5,500  (Approx)

Total interest = [842.39 x 8] - 5,500

Total interest = 1239.12

3 0
3 years ago
The Gramm-Leach-Bliley Act
Feliz [49]

Answer: a. requires financial institutions to ensure the security of customer data.

Explanation:

The Gramm–Leach–Bliley Act (GLBA), which is also known as the Financial Services Modernization Act of 1999 is an act of the 106th United States Congress.

The Act requires that Financial Institutions such as commercial banks, investment banks, securities firms, and insurance companies under the FINANCIAL PRIVACY rule ensure that they explained their information sharing principles of their customers' information to their customers and to safeguard sensitive data.

7 0
3 years ago
The brandenburg family makes $7,000 per month. About $1,800 goes toward taxes and savings. They spend $5,200 on goods and servic
Debora [2.8K]

The money goes toward marketing activities is $2,600

What is the composition of the family spending monthly?

The family's monthly expenditure is made up of taxes and savings, goods and services and the balance is to be spent on marketing activities.

In other words, the amount that goes towards marketing activities is the excess of the family take-home monthly over the amounts spent on taxes and savings and goods and services respectively.

Total earnings monthly=$7000

sum of goods and services and taxes and savings=$1800+$5,200

sum of goods and services and taxes and savings=$7,000

spend on marketing activities=$7000-$7000

spend on marketing activities=$0

However, the principle is that the family should be able slash the amount spent on goods and services by half in order to make money available for marketing activities, hence the amount for marketing is $2,600($5,200*1/2)

Find out more about family expenditure on:brainly.com/question/5502247

#SPJ1

3 0
2 years ago
True or False? If you have already submitted a resume with references, you do NOT need to bring copies of your resume or referen
fgiga [73]
Your answer would be true hope this helps
3 0
3 years ago
Read 2 more answers
Identify and explain the four primary types of taxes that businesses pay
DENIUS [597]

Answer

Hi,

They are; income tax, self-employment tax, employment tax and Excise tax

Explanation

All businesses are expected to file income tax return on yearly basis. Some pay taxes as they earn the income. The self-employment tax is imposed to contribute to social security and health care cover for a person who works for him or herself. Employment taxes are a mandatory to employers who are required to pay it to cover social security and healthcare taxes and federal unemployment tax for the workers. Some businesses are levied excise tax depending on the goods sold or manufactured, the type of business operation and the type of equipment and products used.

Best wishes!

3 0
3 years ago
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