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Author Question: Jeffrey Marcus purchased 800 shares of General Tectonics common stock at 16.40 per share. A few ... (Read 60 times)

Mr. Wonderful

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on: Jun 24, 2018
Jeffrey Marcus purchased 800 shares of General Tectonics common stock at 16.40 per share. A few months later, Jeffrey sold the shares at 19.80. His stockbroker charges 3 commission. What was his gain or loss on this investment? (Round your answer to the nearest cent if necessary)

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. Ben invests 19,500, at 12 interest, compounded quarterly for 10 years. Calculate the compound amount for his investment.
 A) 73,369.46
  B) 71,214.36
  C) 68,305.89
  D) 63,609.59


reelove4eva

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

1,851.20

Answer to Question 2

D


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