Answer:
The minimum payment is 15
Explanation
so you have to pay another %15 of the bill each month
Answer:
$3,570
Explanation:
We can calculate this by first totaling the different gains and then adding them together. The first type of gain would be from the dividend payments, which since they total $0.55 per share we simply multiply this value by the total number of shares.
$0.55 * 1,400 = $770
The next gain that was obtained was from selling at a higher price than at what the shares were purchased. You sold at a $2 per share profit ($21 - $19)...
$2.00 * 1,400 = $2,800
Now that we have both types of gains we simply add them together to find the total dollar value return
$770 + $2,800 = $3,570
