« previous next »

Author Question: Ricardo invested a lump sum of 10,000 in a mutual fund with an offer price of 12.04. How many shares ... (Read 67 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
on: Jun 24, 2018
Ricardo invested a lump sum of 10,000 in a mutual fund with an offer price of 12.04. How many shares did he purchase? (Round to the nearest thousandth)
 A) 1,204.000
  B) 830.565
  C) 955.874
  D) 637.121

Question 2

Shaffer's Book Store borrowed 30,000 on March 10 for 90 days. The interest rate was 9 using the ordinary interest method. On day 30 of the loan, Shaffer made a partial payment of 12,000, and on day 70 of the loan Shaffer made a second partial payment of 3,000. What is the new maturity value of the loan?


lcapri7

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

15,484.29


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
One day, I hope different colleges and universities that online degrees will offer Bachelor of Scien One day, I hope different colleges and universities that online degrees will offer Bachelor of Scien
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 ...
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 ...
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
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: Properties of water -structure of water and polarity (Ionized and polar compounds)

For a complete list of videos, visit our video library