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Author Question: Ricardo invested a lump sum of 10,000 in a mutual fund with an offer price of 12.04. How many shares ... (Read 70 times)

Brittanyd9008

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on: Jun 24, 2018
Ricardo invested a lump sum of 10,000 in a mutual fund with an offer price of 12.04. How many shares did he purchase? (Round to the nearest thousandth)
 A) 1,204.000
  B) 830.565
  C) 955.874
  D) 637.121

Question 2

Shaffer's Book Store borrowed 30,000 on March 10 for 90 days. The interest rate was 9 using the ordinary interest method. On day 30 of the loan, Shaffer made a partial payment of 12,000, and on day 70 of the loan Shaffer made a second partial payment of 3,000. What is the new maturity value of the loan?


lcapri7

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

15,484.29


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