Answer:
Return on investment = 50%
Explanation:
Return on Investment is the proportion of investment cost that an investor earns as as return in dollar
For a mutual fund= total return in dollar/investment cost
= (48-32)× 500/(500× 32) × 100
=50%
<em>Note that the gains in dollar is the difference between the selling price at the end and the selling price at the beginnin</em>g.
Answer:
which of the following is not considered a credit?
overdraft fee
Explanation:
Answer: A.) $1,095
Explanation:
Bond value = $30,000
Rate = 7%
Period = 10 years
Issue price = $29,100
Bond value × rate :
30,000 × 0.07 = $2100
Semi annually:
$2100 / 2 = $1050
(Bond value - issue price) ÷ (period × 2)
($30,000 - $29,100) / (10 × 2)
$900 ÷ 20 = $45
$1050 + $45 = $1,095
Answer:
always be it and never fail
Explanation:
Answer:
Monthly payment = $769.27
Explanation:
First we have to determine the future value of the ordinary annuity:
Payment = $235.15
N = 20 * 12 = 240
Rate = 3.2% / 12 = 0.267%
Using a financial calculator and the FV function, the FV = $78,910.41
Again, using the financial calculator or Excel, you can determine the monthly payment:
N = 10 / 12 = 120
Rate = 0.267%
PV = $78,910.41
FV = $0
Monthly payment = $769.27