Siti Khadijah invested RM30 000 in Sudir Mutual Fund and Kajol Mutual Fund.Sudir Mutual is giving a simple interest of 12% per annum and Kajol Mutul Fund us giving a simple interest of 8% per annum.The total interest after one year is RM3 200.Find the amount invested in Sudir Mutual Fund and Kajol Mutual Fund. O Sudir Mutual Fund:RM20 000,Kajol Mutual Fund:RM10 000 Sudir Mutual Fund:RM15 000,Kajol Mutual Fund:RM15 000 Sudir Mutual Fund:RM10 000,Kajol Mutual Fund:RM20 000 Sudir Mutul Fund:RM15 500,Kajol Mutual Fund:RM14 500

Siti Khadijah invested RM30 000 in Sudir Mutual Fund and Kajol Mutual Fund.Sudir Mutual is giving a simple interest of 12% per annum and Kajol Mutul Fund us giving a simple interest of 8% per annum.The total interest after one year is RM3 200.Find the amount invested in Sudir Mutual Fund and Kajol Mutual Fund. O Sudir Mutual Fund:RM20 000,Kajol Mutual Fund:RM10 000 Sudir Mutual Fund:RM15 000,Kajol Mutual Fund:RM15 000 Sudir Mutual Fund:RM10 000,Kajol Mutual Fund:RM20 000 Sudir Mutul Fund:RM15 500,Kajol Mutual Fund:RM14 500

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter2: Descriptive Statistics

Section: Chapter Questions

Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...

See similar textbooks

Similar questions

Carlo Elise is adapting the cost averaging in investment. He decided to invest in a mutual fund for 6 months with a monthly investment of P3,000.00, The initial shares price of the fund was listed at P100 then increases by 5% every month for a year. Compute for the average price using cost-averaging method.
Suppose an individual invests £25,000 in a load mutual fund. The load fund entails an up-front commission charge of 4 percent of the amount invested and is deducted upfront. In addition, annual fund operating expenses are 0.85 percent, which is charged on the average net asset value invested in the fund. The return on this fund is 6 percent each year paid on the last day of the year. What would be the investor’s return on this fund after one year?
Consider a mutual fund that manages a portfolio of securities worth Php240 million. Suppose the fund owes Php8 million to its investment advisers and owes another Php2 million for rent, wages due, and miscellaneous expenses. The fund has 10 million shareholders. What is the net asset value per share?
Elise Carlo is adapting the cost averaging in investment. She decided to invest in a mutual fund for 6 months with a monthly investment of P4,500.00. The initial shares price of the fund was listed at P200 then decreases by 5% every month for a year. Compute for the average price using cost-averaging method.
You have invested P100,000 in a mutual fund that promises to pay 8% each year. You will keep this for 10 years and then cash out the total value. The cost to close the mutual fund account by then is expected to be P5,000. If your minimum return from this investment is 7%, compute for your valuation of the mutual fund.
Richard invested $750,000 in a hedge fund with a 2/20 fee structure. The fund had a total of $15 million of assets under management and it returned 12% and 19% in the first and second years, respectively. Assume that management fees are paid at the beginning of each year and performance fees are paid at the end of each year in which they are applicable. How much will Richard pay in performance fees for the first two years, respectively?
A pension fund manager decides to invest a total of at most $30 million in US treausry bonds paying 6% annual intrest and in mutual funds paying 9% annual interest. He plants to invest at least $5 million in bonds and at least $15 million in mutual funds. Bobds have a initial fee of $100 per million dollars while the fee for mutual funds is $200 per million. the fund manager is allowed to spend no more than $5000 on fees. 1.How much should be invested in eacg ot maximise interest A-Amount to be invested in treasury bonds B-Amount that should be invested in mutual funds C-What is the maximum annual interrst
An equity fund has a front end load of 4 % and special fees of 0.5% annually as well as back-end fees that start at 5 % and fall by 1 % for each full year the investor holds the portfolio until the fifth year. Assuming the rate of return on the fund net of operating expenses is 10 % annually, what will be the value of a K10 000 investment in the equity fund shares if the shares are sold after 1 year, 4 years and 10 years?
You have invested P100,000 in a mutual fund that promises to pay 8% each year. You will keep this for 10 years and then cash out the total value. The cost to close the mutual fund account by then is expected to be P5,000. If your minimum return from this investment is 7%, compute for your valuation of the mutual fund. (complete and clear solution)
1. You've invested $1,000 in a mutual fund with a 5% front-end load, an expense ratio of 1% and a back-end load of 5%. Expenses are paid at the end of each year. The fund produces an annual return of 8% before fees. a) What is your annual return after fees if you hold the fund for 3 years? b) What is your annual return after fees if you hold the fund for 30 years?
A high-water mark of $150 million was established two years ago for Sarah hedge fund. The end-of-year value before fees for last year was $140 million. This year’s end-of-year value before fees is $158 million. The fund charges “1 and 15.” Management fees are paid independently of incentive fees and are calculated on end-of-year values. Its total fee paid this year is closest to A. $2.3 million. B. $2.8 million. C. $3.1 million. D. $4.1 million.
You have invested P100,000 in a mutual fund that promises to pay 8% each year. You will keep this for 10 years and then cash out the total value. The cost to close the mutual fund account by then is expected to be P5,000. If your minimum return from this investment is 7%, compute for your cost of illiquity with regard to the investment. (complete and clear solution)