Author Question: You purchase a mutual fund at an offer price of 11.28 per share. If the net asset value is 10.74, ... (Read 86 times)

fasfsadfdsfa

  • Hero Member
  • *****
  • Posts: 554
You purchase a mutual fund at an offer price of 11.28 per share. If the net asset value is 10.74, find the sales charge percent. (Round to the nearest tenth)
 A) 5.0
  B) 95.0
  C) 4.8
  D) 95.2

Question 2

Kim Maugeri deposited 8,000 in a savings account paying 5.25 ordinary interest. How long will it take for her investment to grow to 10,100?



adf223

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

A

Answer to Question 2

5 years



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

For a complete list of videos, visit our video library