Kevin Mills borrowed money to purchase a car at 14.4 ordinary interest for a time period from March ...

Kevin Mills borrowed money to purchase a car at 14.4 ordinary interest for a time period from March 1 to August 18. The amount of interest on this loan was 204. How much did Kevin borrow?

Q. 2

Suppose you own a mutual fund that has 10,500,525 shares outstanding. If its total assets are 37,500,020 and its liabilities are 12,375,375, find the net asset value of the fund.
A) 3.20
B) 2.39
C) 3.71
D) 3.05

Q. 3

What is the maturity date on a loan for 6,800 at 16.2 ordinary interest, taken out on April 4? The amount of interest on the loan was 183.60.

Q. 4

You purchase a mutual fund at an offer price of 11.28 per share. If the net asset value is 10.74, find the sales charge percent. (Round to the nearest tenth)
A) 5.0
B) 95.0
C) 4.8
D) 95.2

Q. 5

Kim Maugeri deposited 8,000 in a savings account paying 5.25 ordinary interest. How long will it take for her investment to grow to 10,100?

Q. 6

A mutual fund has an offer price of 11.98 per share and a net asset value of 11.29. What is the sales charge percent? (Round to the nearest tenth)
A) 5.8
B) 6.1
C) 93.9
D) 94.2

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Kevin Mills borrowed money to purchase a car at 14.4 ordinary interest for a time period from March ...

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