Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 28, 2024

Gunther invested $25,000 into a segregated fund with a 75% maturity guarantee 10 years ago. The fund is now maturing and has a current market

Gunther invested $25,000 into a segregated fund with a 75% maturity guarantee 10 years ago. The fund is now maturing and has a current market value of $21,250.

Gunther decides to withdraw his investment. How much will he receive as a top-up?

Oa)

Ob)

Oc)

Od)

$2,500

$3,750

$6,250

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introductory Econometrics For Finance

Authors: Chris Brooks

2nd Edition

052169468X, 9780521694681

More Books

Students also viewed these Finance questions

Question

★★★★★

Stephanie Biggs, Chartered Professional Accountant, has compiled the financial statements for her sister's pharmacy business since it started four years ago. The financial statements are attached to...

Answered: 1 week ago

Question

★★★★★

Which of the following statements is incorrect? (a) The non-aggregation rule is applied when comparing cost and net realisable value of inventory (b) Non-current assets are depreciated to comply with...

Answered: 1 week ago

Question

★★★★★

In the article Tri-ponderal mass index vs body mass index in estimating body fat during adolescence published in JAMA Pediatrics (Peterson, et al., 2017), the authors reported the fitted multiple...

Answered: 1 week ago

Question

★★★★★

Kotari Inc. found that about 15 percent of its sales during the month were for cash. Kotari has the following accounts receivable payment experience: Percent paid in the month of sale ..........20...

Answered: 1 week ago

Question

★★★★★

The ending inventory of finished goods has a total cost of $9,300 and consists of 900 units. If the overhead applied to these goods is $3,354, and the overhead rate is 78% of direct labor, how much...

Answered: 1 week ago

Question

★★★★★

Math question - Information attached in the image. Please show all equations or steps used to get answer. Use as much detail as possible. CEMC.UWATERLOO.CA | The CENTRE for EDUCATION in MATHEMATICS...

Answered: 1 week ago

Question

★★★★★

A random sample of 45 Burger King Whoppers found a sample mean weight of 120g and a sample standard deviation of 15g. Find the 90% confidence interval of the true mean weight of a Whopper. Write your...

Answered: 1 week ago

Question

★★★★★

Ignoring GST, which of the following entries correctly records the purchase of land for $300 000 financed by a $100 000 cash deposit with the balance payable via a 20-year, 6% loan? Select one: a. DR...

Answered: 1 week ago

Question

★★★★★

Sizwe conditioners a manufacturing firm based in Gauteng makes three different types of air conditioners: the ceiling type, the cassette type and the wall mounted type. Weekly sales of each type are...

Answered: 1 week ago

Question

★★★★★

Scenario 1 Danielle is the office manager of a large business in the city. She is the only female staff member at the management level. The CEO (who is significantly older than her) often refers to...

Answered: 1 week ago

Question

★★★★★

987 Co. grants 123 Limited a sole license for the 987 CRM Software. Who may use the 987 CRM Software? O a. Only 123 O b. Only 987 O c. 123 and other licensees O d. 987 and the licensee

Answered: 1 week ago

Question

★★★★★

What proactive strategies might you develop?

Answered: 1 week ago

Question

★★★★★

Is the action/response ethical? If no, develop a different response.

Answered: 1 week ago

Question

★★★★★

How does your message use verbal communication?

Answered: 1 week ago

Previous Question Next Question