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 59 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
Gracias!

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Mutual symbiosis between clownfish of the genus Amphiprion that dwell among the tentacles of tropica Mutual symbiosis between clownfish of the genus Amphiprion that dwell among the tentacles of tropica
A British Bulldog shares a day at the park. A British Bulldog shares a day at the park.
Vertical filing systems offer an alternative to traditional upright storage systems Vertical filing systems offer an alternative to traditional upright storage systems
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
Price of Computers, 1982–2010 Price of Computers, 1982–2010
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Video: Structures that affect circulation - kidneys, blood volume and venous tone

For a complete list of videos, visit our video library