To calculate the total investment in a load fund, B.) MULTIPLY THE NUMBER OF SHARES BY THE OFFER PRICE.
Load fund is a mutual fund. The term "load" is used to refer to a fund with commission.
The commission is the difference of the net asset value and the offer price of the fund.
This is a geometric sequence because each term is twice the value of the previous term. So this is what would be called the common ratio, which in this case is 2. Any geometric sequence can be expressed as:
a(n)=ar^(n-1), a(n)=nth value, a=initial value, r=common ratio, n=term number
In this case we have r=2 and a=1 so
a(n)=2^(n-1) so on the sixth week he will run:
a(6)=2^5=32
He will run 32 blocks by the end of the sixth week.
Now if you wanted to know the total amount he runs in the six weeks, you need the sum of the terms and the sum of a geometric sequence is:
s(n)=a(1-r^n)/(1-r) where the variables have the same values so
s(n)=(1-2^n)/(1-2)
s(n)=2^n-1 so
s(6)=2^6-1
s(6)=64-1
s(6)=63 blocks
So he would run a total of 63 blocks in the six weeks.
Answer: 216
Step-by-step explanation:
The LCM of 24 and 54 is 216. To find the least common multiple of 24 and 54, we need to find the multiples of 24 and 54 (multiples of 24 = 24, 48, 72, 96 . . . . 216; multiples of 54 = 54, 108, 162, 216) and choose the smallest multiple that is exactly divisible by 24 and 54, i.e., 216.
Answer:
Answer: $210 profit
Step-by-step explanation:
275-65 =210
