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Author Question: Donald Yates purchased 400 shares of Adco Mutual Fund for an offer price of 3.28. He later sold the ... (Read 66 times)

darbym82

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on: Jun 24, 2018
Donald Yates purchased 400 shares of Adco Mutual Fund for an offer price of 3.28. He later sold the shares at a net asset value of 5.16 per share. During the time Donald owned the shares, Adco paid a dividend of .23 three times. What was Donald's return on his investment? (Round to the nearest tenth of a percent)

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. Lane invests 7,000, at 7 interest, compounded annually for 22 years. Calculate the compound interest for his investment.
 A) 31,012.80
  B) 8,753.25
  C) 24,012.80
  D) 15,655.23


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cupcake16

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

78.4

Answer to Question 2

C


darbym82

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

steff9894

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

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