Shaffer's Book Store borrowed 30,000 on March 10 for 90 days. The interest rate was 9 using the ...

Shaffer's Book Store borrowed 30,000 on March 10 for 90 days. The interest rate was 9 using the ordinary interest method. On day 30 of the loan, Shaffer made a partial payment of 12,000, and on day 70 of the loan Shaffer made a second partial payment of 3,000. What is the new maturity value of the loan?

Q. 2

A mutual fund has an offer price of 14.32. If you invested a lump sum of 5,525, how many shares did you purchase? (Round to the nearest thousandth)
 A) 518.266
  B) 616.000
  C) 489.651
  D) 385.824

Q. 3

Alana Rodriguez borrowed 13,000 at 9 ordinary interest for 140 days. After 60 days, she made a partial payment of 3,000. What is the final amount due on Alana's loan?

Q. 4

Suppose you own a mutual fund which has 11,326,555 shares outstanding. If its total assets are 70,111,050 and its liabilities are 12,444,100, find the net asset value of the fund.
 A) 5.09
  B) 5.13
  C) 5.36
  D) 5.98