iPad 3:46 PM 76%- drive.google.com FinalPhil181.docx Nietzsche and Morality: The
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iPad 3:46 PM 76%- drive.google.com FinalPhil181.docx Nietzsche and Morality: The Higher isscm-fe fa17.pdf -Google Drive 28. If light travels at 186,000 mile per second. The sun is 93,000,000 miles from earth. How long does it take for light leaving the sun to reach the earth? A. -500 minutes B. -30,000 minutes C.8 minutes D. 45 minutes 29. Massimo starts his own hedge fund with S200,000,000. Massimo earns fees (at the end of the year) of 2% of beginning of year assets+ 20% of the profits for the year If Massimo's fund returns 30% in year 1, Massimo will earn fees of $16,000,000. If in the second year, Massimo leaves all of his earnings from year 1 in the fund (does not withdrawal any cash), and in year 2 his fund earn 25% return, how much will Massimo earn? A. S21,400,000 B. S13,000,000 C. S5,200,000 D. S3,200,000 30. At 2200 1,000 people enter Studio 54 disco At 2300 1,000 people enter Studio 54 disco At 2400 1,000 people enter Studio 54 disco At 2300 10% of the At 2400 an additional 20% of the people who entered at 2200 leave At 2400 25% of the people who entered at 2300 leave How many people will be in the disco at 2400? A. 2,550 B. 1.650 C. 2,000 D. 2,470 pceASuRE MEETING YOu Acc Page 7 7Explanation / Answer
Year 1
Starting value of fund =200,000,000
Profit earned =30% =60,000,000
Fees earned =0.02*200,000,000+0.20*60,000,000=4,000,000+12,000,000=16,000,000
In year 2
Earnings of year 1 =60,000,000
Therefore fund value =200,000,000+60,000,000=260,000,000
Profit earned=25%=0.25*260,000,000=65,000,000
Fees earned=0.02*260,000,000+0.20*65,000,000=5,200,000+13,000,000=18,200,000
This option is not there in the question but the answer is 18,200,000
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