Specific analysis:
End of the first year:120000 * (1+10%) =132000;
At the end of the second year:120000 * (1+10%) 2+120000 * (1+10%) = 277200;
At the end of the third year:120000 * (1+10%) 3+120000 * (1+10%) 2+1. At the end of the fourth year:120000 * (1+10%) 4+120000 * (1+10%) 3+1.
At the end of the fifth year:120000 * (1+10%) 5+120000 * (1+10%) 4+1.
：
Calculation formula of capital cost and income
1. Subscription confirmation share = net subscription amount/net fund share value on the subscription day = subscription amount /( 1+ subscription rate) subscription fee = subscription amount-net subscription amount 2. Redemption confirmation amount = redemption share × net fund value on the redemption day-redemption fee = redemption share × net fund value on the redemption day × redemption rate.
Fund company establishment process:
1. Select the company name, determine the registered capital, shareholders and contribution ratio, and then sign the shareholder contribution agreement;
2. Apply for pre-approval of enterprise name;
3. Capital verification;
4. Apply for a business license;
5, lettering printing, bank account opening.
Legal basis:
Article 6 of People's Republic of China (PRC) Company Law
To establish a company, it shall apply to the company registration authority for registration of establishment according to law. Those that meet the conditions for establishment as stipulated in this Law shall be registered as limited liability companies or joint stock limited companies respectively by the company registration authority; Those who do not meet the conditions for establishment as stipulated in this Law shall not be registered as a limited liability company or a joint stock limited company.
Where laws and administrative regulations stipulate that the establishment of a company must be approved, the approval procedures shall be handled according to law before the company is registered.
Article 7
A company established according to law shall be issued a business license by the company registration authority. The date of issuance of the business license of the company is the date of establishment of the company.
The company's business license shall specify the company's name, domicile, registered capital, business scope, name of legal representative and other matters.
Article 8
A limited liability company established in accordance with this law must indicate the words limited liability company or limited company in its name.