1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vredina [299]
3 years ago
10

Jan Throng invested $39,000 in the Invesco Charter mutual fund. The fund charges a commission (load) of 4.5 percent when shares

are purchased. Calculate the amount of commission (load) Jan must pay
Business
1 answer:
Karolina [17]3 years ago
5 0

Answer:

amount of commission (load) Jan must pay is $1755

Explanation:

given data

investment  = $39,000

charges commission (load)  = 4.5 percent

to find out

Calculate the amount of commission (load) Jan must pay

solution

we get amount of commission will be here as

amount of commission = investment × charges commission %   ......................1

put here value we will get

amount of commission = $39000 ×  4.5%

amount of commission = $39000 ×  0.045

amount of commission = $1755

so amount of commission (load) Jan must pay is $1755

You might be interested in
According to entry-level analysis project (elap) statistics, what percentage of therapists are leaving the profession in the fir
Soloha48 [4]
<span>According to the ELAP report 40%-50% of therapists are leaving this profession with in 24 months or 2 years after the graduation. the report also says this was due to the unrealistic expectations about the physical demands of massage work.</span>
6 0
3 years ago
In any collaboration, data ownership is typically determined by:(A) The research team with access to the best lawyers.(B) The ty
Tatiana [17]

Answer: (B)

The type and source of funds used to support the project.

Explanation:

In a research collaboration, the type and source of funding used, determines ownership of the data in most cases.

In situations where the research is quite expensive to conduct, researchers tend to enter into agreements with firms or institutions that fund the data in exchange for ownership rights.

7 0
3 years ago
Which of the following financial institutions has a membership requirement?
Dima020 [189]
A credit union often requires that its clients be members who own a share in the company.
5 0
3 years ago
Read 2 more answers
A tragic flaw in a character is cause by
suter [353]
Tragic flaw is a literary device that can be defined as a trait in a character leading to his downfall, and the character is often the hero of the literary piece. This trait could be the lack of self-knowledge, lack of judgment, and often it is hubris (pride).
3 0
3 years ago
The one-year forward rate of the British pound is quoted at $1.63, and the spot rate of the British pound is quoted at $1.60. Th
AysviL [449]

Answer:

The forward is discount, which is -1.8%

Explanation:

The forward rate is the rate of interest that is applicable or applied to the financial transaction, which will happen in the near future.

The percent is computed as:

= (Spot rate / Forward rate) - 1

where

Spot rate is $1.60

Forward rate is $1.63

Putting the values above:

= ($1.60 / $1.63) - 1

= $0.9815 - 1

= -1.8 %

which is forward discount.

8 0
3 years ago
Other questions:
  • While discussing their marketing campaign for a new product, the members of the cross-functional team responsible for Carver Inc
    13·2 answers
  • Red Rock Bakery purchases land, building, and equipment for a single purchase price of $260,000. However, the estimated fair val
    9·1 answer
  • Suppose the economy is in a recession. The economy needs to expand by at least $450 billion, and the marginal propensity to cons
    14·1 answer
  • A payments system based on money is A. more efficient than a barter economy because fewer prices are needed to establish relativ
    11·1 answer
  • Megan, a human resource manager, recently approved the hiring of five summer interns. She will use ________ to decide which depa
    14·1 answer
  • On November 10 of the current year, Flores Mills provides services to a customer for $8,000 with credit terms 2/10, n/30. The cu
    13·1 answer
  • The use of the lower of cost or net realizable value (LCNRV) method to value inventory for reporting purposes is a departure fro
    6·1 answer
  • Fcra allows you to opt-out of receiving credit card promotions based on your credit history. True or False
    8·1 answer
  • Pension data for Sterling Properties include the following: ($ in thousands) Service cost, 2021 $ 112 Projected benefit obligati
    15·1 answer
  • When a firm invests directly in a business or venture in another country, it is called ______.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!