Author Question: Chloe invested a lump sum of 24,000 in a mutual fund with an offer price of 8.05. How many shares ... (Read 82 times)

evelyn o bentley

  • Hero Member
  • *****
  • Posts: 564
Chloe invested a lump sum of 24,000 in a mutual fund with an offer price of 8.05. How many shares did she purchase? (Round to the nearest thousandth)
 A) 1,600.500
  B) 1,633.340
  C) 3,690.342
  D) 2,981.366

Question 2

Marcy Link took out a loan for 9,100 at the Eastern Trust Bank for 160 days. The bank uses the ordinary interest method for calculating interest. What rate of interest was charged if the amount of interest was 521.73? (Round to the nearest tenth of a percent)



reelove4eva

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

D

Answer to Question 2

12.9



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

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?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

For a complete list of videos, visit our video library