Author Question: The First United mutual fund has total assets of 45,500,000 and liabilities of 1,600,000. There are ... (Read 85 times)

natalie2426 · **on:** Jun 24, 2018

The First United mutual fund has total assets of 45,500,000 and liabilities of 1,600,000. There are 14,200,000 shares outstanding. What is the net asset value of the fund? (Round to the nearest cent)

Question 2

Manually calculate the compound interest on an investment of 12,500 at 7.5 interest, compounded semiannually, for 2 years. (Round value to the nearest cent)
A) 1,983.00
B) 1,983.13
C) 14,483.14
D) 450.00