An investment adviser has developed a proprietary trading system that has consistently achieved 20% annual returns over the past 5 years. During this period, the Standard and Poor's 500 Index has increased by 10% per year. Other advisers that offer similar services charge an annual advisory fee equal to 5% of annual assets under management. This adviser wishes to charge an annual fee equal to 10% of assets under management since it believes that its services are superior. Which statement is TRUE

The maximum tax rate on estates and gifts

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%