« previous next »

Author Question: A mutual fund has an offer price of 7.42 per share and a net asset value of 7.02. What is the sales ... (Read 101 times)

Wadzanai

  • Hero Member
  • *****
  • Posts: 528
on: Jun 24, 2018
A mutual fund has an offer price of 7.42 per share and a net asset value of 7.02. What is the sales charge percent? (Round to the nearest tenth)
 A) 2.8
  B) 4.1
  C) 92.8
  D) 5.7

Question 2

Lars was charged 10.5 interest and paid 475 interest on a simple interest loan for 30 days from his local bank. How much did he borrow? Use exact interest. (Round to the nearest cent)


Sammyo

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

55,039.68


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The training of an anesthesiologist typically requires four years of college, 4 years of medical school, 1 year of internship, and 3 years of residency.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Parents who grew up in dual-earner families are more apt to share household tasks equally than those ... Parents who grew up in dual-earner families are more apt to share household tasks equally than those ...
Vertical filing systems offer an alternative to traditional upright storage systems Vertical filing systems offer an alternative to traditional upright storage systems
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Share of Human Capital in Wages in Developing Countries Share of Human Capital in Wages in Developing Countries
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: hGH, Thyroid hormones & Aldosterone

For a complete list of videos, visit our video library