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Author Question: A mutual fund has an offer price of 14.32. If you invested a lump sum of 5,525, how many shares did ... (Read 110 times)

notis

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on: Jun 24, 2018
A mutual fund has an offer price of 14.32. If you invested a lump sum of 5,525, how many shares did you purchase? (Round to the nearest thousandth)
 A) 518.266
  B) 616.000
  C) 489.651
  D) 385.824

Question 2

Alana Rodriguez borrowed 13,000 at 9 ordinary interest for 140 days. After 60 days, she made a partial payment of 3,000. What is the final amount due on Alana's loan?


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recede

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

D

Answer to Question 2

10,398.90


notis

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

nanny

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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