This topic contains a solution. Click here to go to the answer

Author Question: Donald Yates purchased 400 shares of Adco Mutual Fund for an offer price of 3.28. He later sold the ... (Read 70 times)

darbym82

  • Hero Member
  • *****
  • Posts: 570
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



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cupcake16

  • Sr. Member
  • ****
  • Posts: 309
Answer to Question 1

78.4

Answer to Question 2

C




darbym82

  • Member
  • Posts: 570
Reply 2 on: Jun 24, 2018
Excellent


elyse44

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

For a complete list of videos, visit our video library