« previous next »

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 52 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
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

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

15,484.29


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con In 2009, historian Woody Holton described how Abigail Adams shrewdly invested in the Continental Con
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Hank Wilkins invested $4200 in a mutual fund containing bonds. Hank Wilkins invested $4200 in a mutual fund containing bonds.
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Introduction to Breast Cancer

For a complete list of videos, visit our video library