Answer:
40pts and a brainliest to the person who can help me with this stock problem. PLEASE show all steps in detail so I can learn how
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What is the rate of return when 20 shares of Stock A, purchased for $30/share, are sold for $710? The commission on the sale is $6. Give your answer as a percent rounded to the nearest tenth.
What is the rate of return when 20 shares of Stock A, purchased for $30/share, are sold for $710? The commission on the sale is $6. Give your answer as a percent rounded to the nearest tenth.
1 answer:
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For this case we have the following linear function:
Rewriting we have:
We observe that the linear function has:
Positive slope and equal to 2.
Intersection with the axis y equal to 6.
Answer:
y = 2x + 6
See attached image
Rewriting we have:
We observe that the linear function has:
Positive slope and equal to 2.
Intersection with the axis y equal to 6.
Answer:
y = 2x + 6
See attached image
Answer:
<h2>A = (1,-5)</h2>Step-by-step explanation:
Let the midpoint of the two points A (x₁, y₁) and B(-5, 5) be M(2, 0)
Using the formula for calculating the midpoints of two coordinates
(X₁, Y₁) =
Given if (X₁, Y₁) is the midpoint, then X₁ = 2, Y₁ = 0
x₂ = -5 and y₂ = 5
Substituting this given values into the equation above to get the unknown coordinate;
Similarly;
The coordinate of A = (1,-5)
Answer:
a)
b)
The total amount accrued, principal plus interest, from compound interest on an original principal of $ 4,200.00 at a rate of 3.6% per year compounded 12 times per year over 10 years is $5667.28.
Step-by-step explanation:
a. Write the function that represents the value of the account at any time, t.
The function that represents the value of the account at any time, t
where
P represents the principal amount
r represents Annual Rate
n represents the number of compounding periods per unit t, at the end of each period
t represents the time Involve
b) What will the value be after 10 years?
Given
The principal amount P = $4200
Annual Rate r = 3.6% = 3.6/100 = 0.036
Compounded monthly = n = 12
Time Period = t
To Determine:
The total amount A = ?
Using the formula
substituting the values
$
Therefore, the total amount accrued, principal plus interest, from compound interest on an original principal of $ 4,200.00 at a rate of 3.6% per year compounded 12 times per year over 10 years is $5667.28.