On July 14 joseph invested $12000 in a fund that was growing at 5% compound semi annually Calculate the future value of the fund on march 15 2014

$12,300

Explanation:

I will assume that Joseph invested in the fund on July 14, 2013.

We have to calculate the future value to March 15, 2014 (8 months later).

since the interest is compounded semi annually, it will earn interest on January  14, 2014.

Future value = $12,000 x (1 + 2.5%) = $12,300

since the fund is going to earn interests again on July 14, 2014, the value on march 14 is the same = $12,300

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

the answer is: guns or butter

hope i

-lavira : )