Author Question: Donna Zack invested 5,575 in a mutual fund with an offer price of 20.39 and a net asset value of ... (Read 46 times)

mynx · **on:** Jun 24, 2018

Donna Zack invested 5,575 in a mutual fund with an offer price of 20.39 and a net asset value of 10.15. How many shares did Donna purchase? (Round to thousandths)

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 45,000 at 6 interest, compounded quarterly, for 3 years.
A) 8,802.90
B) 8,802.00
C) 53,802.90
D) 2,992.42