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agasfer [191]
2 years ago
8

If the dollar amount of total return on your mutual fund is $165 and the original cost of your investment is $1,200, then what i

s your percentage of total return
Business
1 answer:
Anna35 [415]2 years ago
5 0

Answer:

% 70

Explanation:

You might be interested in
The government of Happyland collects $100 million in taxes each year and currently has a public debt of $1.2 billion, which it f
DanielleElmas [232]

Answer:

No, the debt is not manageable because interest payments equal $96 million per year.

Explanation:

Annual interest payment for debt = 0.08*1.2B = $96 million

Only the interest payment is about 96% of government revenue, so its not manageable.

5 0
3 years ago
You believe you must withdraw $12,000 per month during retirement. You plan to be retired for 30 years. Assuming your money will
jek_recluse [69]

Answer:

$2,385,086

Explanation:

To answer this question, we need to use the present value of an ordinary annuity formula:

PV = A ((1-(1+i)^{-n} )/i)

Where:

  • A = Value of the annuity
  • i = interest rate
  • n = number of compounding periods

Because the interest rate is annual, it is convenient to convert it to a monthly rate.

4.5% annual rate = 0.37% monthly rate.

The number of compounding periods will be = 12 months x 30 years

                                                                            = 360 months

Now, we simply plug the amounts into the formula:

X = $12,000((1-(1 + 0.0037)^{-360} )/0.0037)

X = $2,385,086

You will need to have saved $2,385,086 if you plan to retire under the aforementioned circumstances.

7 0
3 years ago
Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25, an
dedylja [7]

Answer:

Please see attachment

Explanation:

Please see attachment

4 0
3 years ago
WILL GIVE BRAINLIEST!! Answer the following 3 questions A, B, or C
True [87]

Answer:

B

C

A

Explanation:

7 0
3 years ago
Read 2 more answers
Suppose in the year 2018, people spent $200 on durable goods, $200 on non-durable goods, and $100 on services. During the same y
Rzqust [24]

Answer:

d. $1,000

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP = Consumption spending by households on durable and non durable goods and services + Investment spending by businesses + Government Spending + Net Export

Consumption spending = $200 + $200 + $100 = $500

Investment spending = $200 + $(500 - 400) = $300

Government spending = $200 + $100 = $300

Transfer payments aren't included in the calculation of GDP. So, the $200 spent on welfare and unemployment benefits and $300 on social security payments isn't included in the calculation of GDP.

Net export = Export- Import = $400 - $500 = $-100

GDP = $500 + $300 + $300 - $100 = $1000

I hope my answer helps you

4 0
3 years ago
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