=500*20* 12* 12%*20*0.55
= 158400 yuan
Principal = 500 * 20 *12 =120000 yuan.
Fund, in English, refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations.
From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. The fund we are talking about mainly refers to the securities investment fund.
It is still uncertain which is the earliest hedge fund. During the great bull market in the United States in the 1920s, there were countless such investment tools specifically for the rich. The most famous is the Graham-NewmanPartnership Fund founded by BenjaminGraham and JerryNewman.
In 2006, WarrenBuffett declared in a letter to MuseumofAmericanFinance magazine that the Graham-Newmanpartnership Fund in the 1920s was the earliest known hedge fund, but other funds may appear earlier.