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Contemporary Mathematics for Business & Consumers - With LMS CengageNOW
8th Edition
ISBN: 9781337125468
Author: Brechner
Publisher: Cengage
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Question
Chapter 20, Problem 39AT
To determine
To calculate: The sales charge and sales charge percent for the Quest for Value CA TE fund with offer price
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Calculate the sales charge (in $) and sales charge percent for the mutual fund. (Round percents to one decimal place.)
Fund
OfferPrice
Net AssetValue
SalesCharge
SalesCharge %
Northstar A: MuFl A
$13.65
$12.83
$
Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of simple interest earned. b. Find the accumulated amount.
Calculate the sales charge (in $) and sales charge percent for the mutual fund. (Round percents to one decimal place.)
Offer
Net Asset
Sales
Sales
Fund
Price
Value
Charge
Charge %
Northstar A: MUFI A
$13.65
$12.83
$
%
Chapter 20 Solutions
Contemporary Mathematics for Business & Consumers - With LMS CengageNOW
Ch. 20.I - Techron Industries, Inc., has 1,400,000 shares of...Ch. 20.I - Prob. 2TIECh. 20.I - Prob. 3TIECh. 20.I - Prob. 4TIECh. 20.I - Bentley Systems. Inc., paid a dividend of $0.68...Ch. 20.I - Prob. 6TIECh. 20.I - You purchase 225 shares of Gulfstream Industries...Ch. 20.I - Prob. 1RECh. 20.I - Prob. 2RECh. 20.I - Prob. 3RE
Ch. 20.I - Prob. 4RECh. 20.I - Prob. 5RECh. 20.I - Prob. 6RECh. 20.I - Prob. 7RECh. 20.I - Prob. 8RECh. 20.I - Prob. 9RECh. 20.I - Prob. 10RECh. 20.I - Prob. 11RECh. 20.I - Prob. 12RECh. 20.I - Prob. 13RECh. 20.I - Prob. 14RECh. 20.I - Prob. 15RECh. 20.I - Prob. 16RECh. 20.I - Prob. 17RECh. 20.I - Prob. 18RECh. 20.I - Prob. 19RECh. 20.I - Calculate the total cost, proceeds, and gain (or...Ch. 20.I - Prob. 21RECh. 20.I - Prob. 22RECh. 20.I - Prob. 23RECh. 20.I - Prob. 24RECh. 20.I - Prob. 25RECh. 20.I - Prob. 26RECh. 20.I - 27. Apex Developers. Inc., has 1,800,000 shares of...Ch. 20.I - Prob. 28RECh. 20.I - 29. You purchase 650 shares of Sunrise Electric...Ch. 20.I - Though investing all at once works best when stock...Ch. 20.II - Using Exhibit 20-5. Corporate Bond Quotation...Ch. 20.II - Prob. 9TIECh. 20.II - Prob. 10TIECh. 20.II - Prob. 11TIECh. 20.II - Prob. 1RECh. 20.II - Prob. 2RECh. 20.II - Prob. 3RECh. 20.II - Prob. 4RECh. 20.II - Prob. 5RECh. 20.II - Prob. 6RECh. 20.II - Prob. 7RECh. 20.II - Prob. 8RECh. 20.II - Prob. 9RECh. 20.II - Prob. 10RECh. 20.II - Calculate the accrued interest and the total...Ch. 20.II - Calculate the accrued interest and the total...Ch. 20.II - Prob. 13RECh. 20.II - Prob. 14RECh. 20.II - Prob. 15RECh. 20.II - Prob. 16RECh. 20.II - Prob. 17RECh. 20.II - Prob. 18RECh. 20.II - Prob. 19RECh. 20.II - Prob. 20RECh. 20.II - Prob. 21RECh. 20.II - Prob. 22RECh. 20.II - Prob. 23RECh. 20.II - Prob. 24RECh. 20.II - Prob. 25RECh. 20.III - Using Exhibit 20-6, Mutual Fund Quotation Table,...Ch. 20.III - Prob. 13TIECh. 20.III - Prob. 14TIECh. 20.III - Prob. 15TIECh. 20.III - Prob. 16TIECh. 20.III - Prob. 1RECh. 20.III - Prob. 2RECh. 20.III - Prob. 3RECh. 20.III - Prob. 4RECh. 20.III - Prob. 5RECh. 20.III - Prob. 6RECh. 20.III - Prob. 7RECh. 20.III - Prob. 8RECh. 20.III - Prob. 9RECh. 20.III - Prob. 10RECh. 20.III - Prob. 11RECh. 20.III - Prob. 12RECh. 20.III - Prob. 13RECh. 20.III - Prob. 14RECh. 20.III - Prob. 15RECh. 20.III - Prob. 16RECh. 20.III - Prob. 17RECh. 20.III - Prob. 18RECh. 20.III - Prob. 19RECh. 20.III - Prob. 20RECh. 20.III - Prob. 21RECh. 20.III - Prob. 22RECh. 20.III - Calculate the total cost, proceeds, total gain (or...Ch. 20.III - Prob. 24RECh. 20.III - Prob. 25RECh. 20.III - Prob. 26RECh. 20.III - Prob. 27RECh. 20.III - Prob. 28RECh. 20.III - Prob. 29RECh. 20.III - BUSINESS DECISION: CAPITAL GAINS
30. There are...Ch. 20 - Prob. 1CRCh. 20 - Prob. 2CRCh. 20 - Prob. 3CRCh. 20 - Prob. 4CRCh. 20 - Prob. 5CRCh. 20 - Prob. 6CRCh. 20 - Prob. 7CRCh. 20 - A _____ is a loan, or an IOU, in the form of an...Ch. 20 - Prob. 9CRCh. 20 - 10. Write the formula used to calculate the...Ch. 20 - Prob. 11CRCh. 20 - Prob. 12CRCh. 20 - Prob. 13CRCh. 20 - Prob. 14CRCh. 20 - Prob. 1ATCh. 20 - Prob. 2ATCh. 20 - Prob. 3ATCh. 20 - Prob. 4ATCh. 20 - Prob. 5ATCh. 20 - Prob. 6ATCh. 20 - Prob. 7ATCh. 20 - Prob. 8ATCh. 20 - Prob. 9ATCh. 20 - Prob. 10ATCh. 20 - Prob. 11ATCh. 20 - Prob. 12ATCh. 20 - Calculate the total cost, proceeds and gain (or...Ch. 20 - Prob. 14ATCh. 20 - Prob. 15ATCh. 20 - 16. The board of directors of Micro-Fine...Ch. 20 - Prob. 17ATCh. 20 - Prob. 18ATCh. 20 - 19. You purchase 350 shares of Universal Metals...Ch. 20 - Prob. 20ATCh. 20 - Prob. 21ATCh. 20 - Prob. 22ATCh. 20 - Prob. 23ATCh. 20 - Prob. 24ATCh. 20 - Prob. 25ATCh. 20 - Calculate the accrued interest and the total...Ch. 20 - Prob. 27ATCh. 20 - Prob. 28ATCh. 20 - Prob. 29ATCh. 20 - Prob. 30ATCh. 20 - Prob. 31ATCh. 20 - Prob. 32ATCh. 20 - Prob. 33ATCh. 20 - 34. On May 1. Emerson Fast bought 10 Manitoba...Ch. 20 - Prob. 35ATCh. 20 - Prob. 36ATCh. 20 - Prob. 37ATCh. 20 - Prob. 38ATCh. 20 - Prob. 39ATCh. 20 - Prob. 40ATCh. 20 - Prob. 41ATCh. 20 - Prob. 42ATCh. 20 - Prob. 43ATCh. 20 - Prob. 44ATCh. 20 - Prob. 45ATCh. 20 - Prob. 46ATCh. 20 - Prob. 47ATCh. 20 - Prob. 48ATCh. 20 - Prob. 49AT
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- Calculate the total cost, proceeds, total gain (or loss), and return on investment for the given mutual fund. The offer price is the purchase price of the shares, and the net asset value is the price at which the shares were later sold. Show your work. Shares Offer Price Total Cost Net Asset Value Proceeds Per Share Dividends Total Gain (or Loss) Return on Investment % 300 $10.35 ? $12.95 ? .76 ? ?arrow_forwardCalculate the total cost, proceeds, total gain (or loss), and return on investment for the given mutual fund. The offer price is the purchase price of the shares, and the net asset value is the price at which the shares were later sold. Shares Offer Price Total Cost Net Asset Value Proceeds Per Share Dividends Total Gain (or Loss) Return on Investment % 300 $10.35 ? $12.95 ? .76 ? ?arrow_forwardYou purchase a mutual fund at an offer price of $15.79 per share. If the net asset value is $15.26, find the sale charge percent. Round to the nearest tenth. 0%arrow_forward
- You purchase a mutual fund add an offer price of $15.79 per share. If the net asset value is $15.26 find the sale charge percent. Round to the nearest tenth.arrow_forwardFind the APR (rounded to the nearest percent) for the loan listed. Purchase of a refrigerator for $1,700 at 14% add-on interest for 3 years %arrow_forwardCalculate the return on investment for 2,100 shares of a mutual fund purchased with an offer price of $15.01 if the shares were sold with a NAV of $17.83. The shares paid a dividend of $0.79 per share during ownership.arrow_forward
- Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a living room set for $3,100 at 10% add-on interest for 3 years.arrow_forwardConsider a $200 T-bill calculated as a simple discount loan. The annual simple discount rate is 18% and the length is set to be 14 months. Find the pric of the T-bill, the interest earned, and the simple interest rate paid on the bill. Price of the T-bill = 158.24 dollars. Total interest earned when $200 T-bill is redeemed = dollars. Simple interest rate earned - percent (round to 2 decimal places).arrow_forwardFor the given bond, whose interest rate is provided, find the semiannual interest payment and the total interest earned over the life of the bond.$11,000 First Income Fund 5-year bond at 3.95% Group of answer choices $434.50; $2172.50 $214.50; $2145.00 $217.25; $2172.50 $21,725.00; $217,250.00arrow_forward
- What is the simple interest rate of $290, 12.5%, 6 monthsarrow_forward3. Zayn buys a new phone for $600 and pays for it over two years with 6.% simple annual interest. What is his monthly payment?arrow_forwardYou have the option to take out a 30 year mortgage with an APR of 4.9% what will your monthly payments be?arrow_forward
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