Given:
125,000 investment
net asset of the fund was $21.29 back loaded with a loading rate of 3.9%
125,000/21.29 = 5,871.30 shares.
Maya Frankie bought 5,871.30 shares of the Washington Robinson Mutual Fund (Type B.)
The 3.9% loading rate will only be applicable once Maya decides to sell her shares. This is what back loaded means.
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Answer:
Let p be the amount invested at 8%. Then the amount invested at 5% would be 30,000-p. So:
.08p+.05(30,000-p)=2100
.03p+1500=2100
.03p=600
p=20,000
$20,000 was invested at 8%; $10,000 was invested at 5%
Step-by-step explanation:
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Lets say the price of a shirt is X, then the price of sweater is X + 3.95
Since a total cost is 71.65 for 3 shirts and 2 sweaters. 71.65 = (3*X) + 2*(X+3.95)
So, 71.65 = 3X + 2X + 7.9
71.65 - 7.9 = 5X
12.75 = X. Therefore, the price of a shirt is 12.75 dollars, and the price of a sweater is 16.7 dollars (12.75 + 3.95)
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Answer:
Answer:
3x + 3y = 0
7x - y = 8
Step-by-step explanation:
