Compound interest is the idea that interest is earned on top of interest from that point forward by adding accumulated interest back to the principal amount. Here, a month's worth of compound interest is calculated (time period). As a result, the time period is 12 times, and the interest rate is divided by 12.
The scenario states that the computation of the provided data is as follows:
The current value is $4000.
Rate = 7%
Monthly compound rate equals 10% times 12.
Duration = 2 x 12 = 84
So, using a financial calculator, we can estimate the value in the future.
FV = $4,884.56
Principal multiplied by one plus the interest rate divided by the number of periods, raised to the power of the number of periods, and that whole subtracted from the principal amount to yield the interest amount, is how monthly compounding is calculated.
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Answer:
d. $2,000
Explanation:
MAGI section out starts at:
Married filing collectively – four hundred dollars
unmarried, head of family, married filing separately or qualifying widow(er) – two hundred dollars.
Since the income earned with the aid of Olivia is $55000 for 2019 her MAGI may be below the restrict of $2 hundred,000. As a result, $2000 according to child tax credit is available for each Cora and Jack as each are qualifying infant for Olivia
.
Maximum Child Tax credit for 2019 is $2000 for each child. The credit is difficulty to an income restriction. The earnings limit on child Tax credit score is primarily for your modified adjusted gross income (MAGI). In case your MAGI amount for 2019 drops between positive dollar limits, your credit is difficulty to a phase out (is decreased or removed).
Answer: 1. Portfolio
2. • Protecting property rights and enforce contracts.
• Providing tax breaks and patents for firms that pursue research and development in health and sciences.
3. All of the above
Explanation:
1. Since the wealthy French citizen buys $2 million worth of stock issued by an American corporation and the American firm uses the proceeds for a factory expansion, then this is considered to be an example of foreign portfolio investment in the United States.
2. The policies that are consistent with the goal of increasing productivity and growth in developing countries include:
• Protecting property rights and enforce contracts.
• Providing tax breaks and patents for firms that pursue research and development in health and sciences.
3. The possible outcomes of rapid population growth include a reduction in the human capital per worker, a reduction in capital per worker and an increase in technological knowledge. Therefore, the answer is all of the above.
Answer:
mutual funds
Explanation:
Mutual funds are made up of a pool of money from different investors and that money is used to buy securities, stocks, bonds, etc. The mutual fund manager decides on what the mutual fund will invest. The mutual fund's portfolio has to be structured to match the investment objectives of the fund. Mutual funds are usually considered safe investments since a large portion of their funds comes from employer sponsored retirement plans.
