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Author Question: Ricky invested a lump sum of 25,450 in a mutual fund with an offer price of 25.65. How many shares ... (Read 47 times)

Engineer

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on: Jun 24, 2018
Ricky invested a lump sum of 25,450 in a mutual fund with an offer price of 25.65. How many shares did he purchase? (Round to the nearest thousandth)

Question 2

Manually calculate the compound interest on an investment of 7,500 at 6 interest, compounded semiannually, for 1 year.
 A) 456.75
  B) 7,956.75
  C) 7,950.00
  D) 450.00


rekilledagain

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

992.203

Answer to Question 2

A


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Engineer

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Reply #2 on: Jun 24, 2018
Thank you :)


rekilledagain

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Reply #3 on: Jun 24, 2018
Happy to help you


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