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BlackZzzverrR [31]
2 years ago
12

Connor heard that as a general rule, he should spend no more than one week's pay on rent. If Connor's salary is $29,000 per year

, what is the maximum amount per month that he should spend on rent?
A. $475
B. $523
C. $845
D. $558
Business
2 answers:
tatiyna2 years ago
7 0

Answer:

D is correct

Explanation:

Alja [10]2 years ago
3 0
The answer is D:$558.
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According to the Microsoft support website, "Move the cursor to another record to commit your changes to the database or press Shift+Enter. By default, the quotation marks disappear."

5 0
2 years ago
15. Consider a no-load mutual fund with $400 million in assets, 50 million in debt, and 15 million shares at the start of the ye
Aliun [14]

Answer:

12.09%.

Explanation:

Calculation to determine the rate of return on the fund

First step is to calculate the beginning year NAV

Beginning year NAV = ($400 million assets - 50 million debt) / 15 million shares

Beginning year NAV = 23.33

Second step is to calculate the ending year NAV

Ending year NAV = ($500 million assets - (500*0.75% expense) - 40 million debt] / 18 million shares

Ending year NAV =[456.25/18 million shares]

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Now let calculate the return using this formula

Return = (Ending NAV -beginning NAV + Capital gain + income) / Beginning NAV)

Let plug in the formula

Return = (25.35-23.33+0.30+0.50)/23.33

Return = 12.09%

Therefore the rate of return on the fund is 12.09%

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