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Author Question: Donna Zack invested 5,575 in a mutual fund with an offer price of 20.39 and a net asset value of ... (Read 97 times)

mynx

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on: Jun 24, 2018
Donna Zack invested 5,575 in a mutual fund with an offer price of 20.39 and a net asset value of 10.15. How many shares did Donna purchase? (Round to thousandths)

Question 2

Narrative 11-1 Solve the following problems using either Tables 11-1 or 11-2 from your text. When necessary, create new table factors. (Round new table factors to five decimal places, round dollars to the nearest cent and percents to the nearest hundredth of a percent) Refer to Narrative 11-1. Calculate the compound interest on an investment of 45,000 at 6 interest, compounded quarterly, for 3 years.
 A) 8,802.90
  B) 8,802.00
  C) 53,802.90
  D) 2,992.42


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Ptupou85

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

273.418 shares

Answer to Question 2

A


mynx

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Reply 2 on: Jun 24, 2018
Gracias!

covalentbond

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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