Contemporary Mathematics for Business & Consumers
8th Edition
ISBN: 9781305886803
Author: Brechner
Publisher: Cengage
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Chapter 20.III, Problem 13RE
To determine
To calculate: The sales charge and sales charge percent for
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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.
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
?
?
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 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
?
?
Chapter 20 Solutions
Contemporary Mathematics for Business & Consumers
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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- Calculate 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_forwardCalculate 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 $ %arrow_forwardCalculate 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 $arrow_forward
- Calculate the amount of SIMPLE interest earned on an investment of $1000 at 4% for 6 yearsarrow_forwardThe buying and selling commission schedule shown in the table is from an online discount brokerage firm. Taking into consideration the buying and selling commissions in this schedule, find the annual compound rate of interest earmed on the investment. Transaction Size Commission Rate $29 + 2.5% of principal $57+0.6% of principal $0 - $1,500 $1,501 - $6,000 $75+ 0.30% of principal $97+0.20% of principal $147+ 0.10% of principal $6,001 $22,000 $22,001 - $50,000 $50,001 $500,000 $500,001+ $247 +0.08% of principal An investor purchases 210 shares of stock at $27 per share, holds the stock for 4 years, and then sells the stock for $60 a share. ...... Identify the formula required to solve this problem. O A. A=P(1+ rt), where A is the amount, P is the principal, r is the annual simple interest rate, and t is the time in years OB. A=Pe", where A is the amount at the end of t years if P is the principal invested at an annual rate r compounded continuously C. A= P(1+i)", where i = m and A is…arrow_forwardFind the saving plan balance after 3 years with an APR of 4% and monthly payments of $200 (show work please)arrow_forward
- A 10-year $1,000 par value bond sells for $950 and pays a 6% annual coupon. What is the capital gains yield for this bond during its first year of ownershiparrow_forwardCalculate the total cost of interest for both mortgage options. How much does the buyer save in interest with the 15- year option?arrow_forwardYou have the option to take out a 30 year mortgage with an APR of 4.9% what will your monthly payments be?arrow_forward
- Calculate the missing information based on the format of the income statement. Net Sales = 338, 500 Cost of Goods Sold = 132,00 Operating Expenses = 109,000 Solve for Gross Margin ($) and Net Profit ($)arrow_forwardCalculate the net asset value (in $) and number of shares purchased for the mutual fund. Round shares to thousandths (three decimal places). Total Total Shares Net Asset Offer Total Shares Assets Liabilities Outstanding Value Price Investment Purchased $25,000,000 $6,500,000 2,000,000 $ 9.250 $9.96 $8,000arrow_forward
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