First Capital Fund
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Carole Said:
Required initial investment at the beginning of the first year if the fund earns 6% compounded annually?We Answered:
The easiest way to calculate this, is to calculate each withdrawal and the interest individually. There are 5 withdrawals.Step 1: Write the equation:
The total amount should be $15000.
At the end of the fourth year, there needs to be enough principal + interest to have $3000:
3000 = p1 * 1.06
p1 = $2830.19
At the end of the third year, there needs to be enough principal + interest to have 3000 + the principal above:
3000 + p1 = p2 * 1.06
p2 = 5830.19/1.06 = $5500.18
And so on:
p3 = (3000 + p2) / 1.06 = 8019.035848
p4 = (3000 + p3) / 1.06 = 10395.31684
p5 = (3000 + p4) / 1.06 = 12637.09136 (solution!)
Kathryn Said:
Has anyone heard anything about First Point Loans or First Capital Group?We Answered:
The BBB has investigated the address of this business and after speaking to the owner of the building, their is no loan or mortgage company currently at 111 W. Douglas in Wichita, Kansas.When consumers inquire about an advanced fee loan they are usually told they must supply funds for "collateral" or transaction and processing fees. After forwarding these fees to the business to obtain their loan, the business never provided the loan to the consumer. It is not a typical business practice to require advanced fees to obtain a loan
Tyrone Said:
Where to get venture capital funding for my website? What do I need to prepare? (see details)?We Answered:
It really depends on how much capital you need. As a person with a entrepreneurial background, and two degrees in business I think I can help. I've tryed a couple different startups. My personal opinion, is that when starting a company you need a finance guy to sort the financial options. You could also use somebody with a law background to help you through the process of becoming a business.Now, back to what I first told you "it depends on how much you need". Venture capitalists will never consider small investment opportunities. They usually go big with people who have a solid plan. It seems as if you just need an angel. A angel is a wealthy person who can provide you the money to start up your business. However, angels can be difficult to find, especially if you dont know anybody that has extra cash to risk.
I could seriously give you tons of different methods on how to start, etc. But I have absolutely know background on your business.
The best method if you cant find an angel is going through small business loans. Check with your local chamber of commerce to find out about small business development in your area.
I would definately recommend you write up a business plan. Nobody will take you seriously if you show up and are all talk.
Nicholas Said:
Do you have to pay Capital Gains Tax on a fund you inherited last year and cashed out?We Answered:
when you inherit investments, you get a step up in basis. that means your basis of the investment is as of the day of inheritance.so let's say when you inherited the stock, it was worth 1 grand. then your basis is 1 grand and it is considered long term investment. now when you go and sell it for 1100 bucks, your gain would be 100 bucks and you must pay tax on that gain. if you sell it for 900 bucks, then your loss would be 100.
Monica Said:
Approximately how much capital would be needed to start an arts and designs business?We Answered:
Go to http://www.score.org/template_gallery.ht… and download the Excel template for estimating start up costs.Jack Said:
What is capital in business, do we have capital every year?We Answered:
Capital is the initial start up funds put into the business, plus any other funds introduced.