This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A mutual fund has an offer price of 7.75. If you invested a lump sum of 12,000, how many shares did ... (Read 81 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
on: Jun 24, 2018
A mutual fund has an offer price of 7.75. If you invested a lump sum of 12,000, how many shares did you purchase? (Round to the nearest thousandth)
 A) 1,548.387
  B) 1,584.387
  C) 9,300.000
  D) 12,000.000

Question 2

Lillian signed a simple discount promissory note for 9,500. The discount rate is 11, and the term of the note is 30 months. What are Lillian's proceeds on the loan?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Andromeda18

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

6,887.50


joesmith1212

  • Member
  • Posts: 549
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

matt95

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Australopithecus sediba shares small brain size with other members of Australopithecus but also has Australopithecus sediba shares small brain size with other members of Australopithecus but also has
The offspring of the microchip—from computers to cell phones—offer access to vast information ... The offspring of the microchip—from computers to cell phones—offer access to vast information ...
Price of Computers, 1982–2010 Price of Computers, 1982–2010
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
The price of rice in a small country is currently $6 per pound. In order to help low-income ... The price of rice in a small country is currently $6 per pound. In order to help low-income ...
What amount was invested 35 years ago at 7% compounded semiannually if the value of the ... What amount was invested 35 years ago at 7% compounded semiannually if the value of the ...
Video: Role of the urinary system - acidosis and alkalosis

For a complete list of videos, visit our video library