____________________ are bonds that are backed only by the general credit of the issuing corporation.
Fill in the blank(s) with correct word
Q. 2Suppose you take out a loan for 180 days in the amount of 13,500 at 11 ordinary interest. After 50 days, you make a partial payment of 1,000. What is the final amount due on the loan? (Round to the nearest cent)
A) 13,210.97
B) 13,698.82
C) 13,242.50
D) 13,232.33
Q. 3The dollar value of one share of a mutual fund's stock is called the ____________________ value.
Fill in the blank(s) with correct word
Q. 4Suppose you take out a loan for 9,000, at 12 ordinary interest. If the amount of interest is 762.00, what is the time period? (Round any fraction to the next higher day)
A) 246 days
B) 250 days
C) 254 days
D) 258 days
Q. 5Corporations that are investment pools of money with a wide variety of investment goals are called ____________________.
Fill in the blank(s) with correct word
Q. 6Shaylash takes out a loan for 10,500, at 8.5 exact interest. If the amount of interest is 858.03, what is the time period of the loan? (Round any fraction to the next higher day)
A) 364 days
B) 365 days
C) 367 days
D) 351 days
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