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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 110 times)

joesmith1212

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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?


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Andromeda18

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

6,887.50


joesmith1212

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

irishcancer18

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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