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Use the commission schedule from Company A shown in the table to find the annual rate of interest earned on the investment. (Note: commissions are rounded to the nearest cent.) Principal (Value of Stock) Under $3,000 $3,000 to $10,000 Over $10,000 An investor purchases 254 shares at $11.73 a share, holds the stock for 46 weeks, and then sells the stock for $18.53 a share. The annual rate is Commission $25+1.8% of principal $371.4% of principal $107 0.7% of principal %. (Round to five decimal places)

Use the commission schedule from Company A shown in the table to find the annual rate of interest earned on the investment. (Note: commissions are rounded to the nearest cent.) Principal (Value of Stock) Under $3,000 $3,000 to $10,000 Over $10,000 An investor purchases 254 shares at $11.73 a share, holds the stock for 46 weeks, and then sells the stock for $18.53 a share. The annual rate is Commission $25+1.8% of principal $371.4% of principal $107 0.7% of principal %. (Round to five decimal places)

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter1: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1DE
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Use the commission schedule from Company A shown in the table to find the annual rate of interest earned on the investment. (Note: commissions are rounded to the nearest cent.) Principal (Value of Stock) Under $3,000 $3,000 to $10,000 Over $10,000 An investor purchases 254 shares at $11.73 a share, holds the stock for 46 weeks, and then sells the stock for $18.53 a share. The annual rate is %. (Round to five decimal places.) COLD Commission $25+1.8% of principal $37+1.4% of principal $107 0.7% of principal
Transcribed Image Text:Use the commission schedule from Company A shown in the table to find the annual rate of interest earned on the investment. (Note: commissions are rounded to the nearest cent.) Principal (Value of Stock) Under $3,000 $3,000 to $10,000 Over $10,000 An investor purchases 254 shares at $11.73 a share, holds the stock for 46 weeks, and then sells the stock for $18.53 a share. The annual rate is %. (Round to five decimal places.) COLD Commission $25+1.8% of principal $37+1.4% of principal $107 0.7% of principal
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