问一道题：NO.PZ2018091705000031

NO.PZ2018091705000031 Allen is investment manager, who recently recruitea new customer, Jack. Jainveste$200,000 in a wealth asset for 15 years thpromises to offer annureturn of 12% before tax. The investment shoulimposea wealth tof 5% eayear. Calculate the post-tvalue of the investment after 15 years later. $569,023 $507,171 $289,034 B is correct. 考点Wealth-baseTaxes 解析这道题考法非常常规。我们直接套用Wealth-baseTaxes计算公式即可。 FVIFWT=[(1+R)×(1−TW)]NFVIF_{WT}={\lbrack(1+R)\times(1-T_W)\rbrack}^NFVIFWT​=[(1+R)×(1−TW​)]N FV=200,000×[(1+0.12)×(1−0.05)]15=507,171FV=200,000\times{\lbrack(1+0.12)\times(1-0.05)\rbrack}^{15}=507,171FV=200,000×[(1+0.12)×(1−0.05)]15=507,171 老师，如果realize了40%的话， 那投资了￥100， 每年赚￥8. 实现了40%，也就是卖了￥40，只有剩下的￥60继续投资么？

NO.PZ2018091705000031 Allen is investment manager, who recently recruitea new customer, Jack. Jainveste$200,000 in a wealth asset for 15 years thpromises to offer annureturn of 12% before tax. The investment shoulimposea wealth tof 5% eayear. Calculate the post-tvalue of the investment after 15 years later. $569,023 $507,171 $289,034 B is correct. 考点Wealth-baseTaxes 解析这道题考法非常常规。我们直接套用Wealth-baseTaxes计算公式即可。 FVIFWT=[(1+R)×(1−TW)]NFVIF_{WT}={\lbrack(1+R)\times(1-T_W)\rbrack}^NFVIFWT​=[(1+R)×(1−TW​)]N FV=200,000×[(1+0.12)×(1−0.05)]15=507,171FV=200,000\times{\lbrack(1+0.12)\times(1-0.05)\rbrack}^{15}=507,171FV=200,000×[(1+0.12)×(1−0.05)]15=507,171 确认一个细节 Accrual由于是针对增加的部分征税，所以是1+r*(1-t),而wealth tax是针对整体征税，所以是（1+r）*(1-t)。 这样区分应该是没问题的？