Carlos Spencio purchased 3,000 shares of Carlise Mutual Fund for ...

[strangeaffliction]

Carlos Spencio purchased 3,000 shares of Carlise Mutual Fund for an offer price of 22.86 per share. He later sold the shares at a net value of 22.98 per share. During the time Carlos owned the shares, Carlise paid dividends of .38 and .42 per share. What was Carlos' gain on this investment?

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. Calculate the compound interest on an investment of 18,000 at 8, interest compounded quarterly, for 15 months.
 A) 1,873.44
  B) 18,788.21
  C) 883.54
  D) 8,725.35

[ntsoane kedibone]

Answer to Question 1

2,760

Answer to Question 2

A

[strangeaffliction]

Gracias!

[phuda]

Thanks for the timely response, appreciate it