Bill Matthews is investing $11,300 in the Washington Mutual fund. The fund charges a 5.75 percent commission

Question:

Bill Matthews is investing $11,300 in the Washington Mutual fund. The fund charges a 5.75 percent commission when shares are purchased. Calculate the amount of commission Bill must pay.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

See More Books

Question Posted: Nov 12, 2023 02:48 AM

See More Questions

Bill Matthews invested $12,500 in the Washington Mutual fund. The fund charges a 5.75 percent commission when shares are purchased. Calculate the amount of commission Bill must pay.
Bill Matthews invested $9,500 in the John Hancock Government Income fund. The fund charges 4.5 percent commission when shares are purchased. Calculate the amount of commission Bill must pay.
Jan Throng invested $31,000 in the Invesco Charter Mutual Fund. This fund charges a 5.50 percent commission when shares are purchased. Calculate the amount of commission Jan must pay.
What is meant by budgetary control?
How would the court classify the Chickasaw Club corporation-domestic or foreign, public or private? William Sharp was the sole shareholder and manager of Chickasaw Club, Inc., an S corporation that...
The contract offered by Taker Bros. is a favorable one, which Raleigh Soap plans to accept. Raleigh management has set a 15% before-tax minimum attractive rate of return as the criterion for any of...
Define a sequence of correlated random numbers \[ s_{k}=\alpha s_{k-1}+(1-\alpha) r_{k} \] where $r_{k}$ is a unit-variance, uncorrelated, Gaussian pseudorandom number while \(0
Paul Jordan has just been hired as a management analyst at Digital Cell Phone, Inc. Digital Cell manufacturers a broad line of phones for the consumer market. Pauls boss, John Smithers, chief...
2) A math tutor makes $15.00 per hour in the tutoring lab at her school. She earns an additional $7.50 more per hour overtime for any hours worked which exceed her normal 40-hr work week. b) Write a...
Select all that apply: Requisitioning an OTC item to use for script fulfillment includes: Purchasing the item through the Target POS Generating a Price Barcode using price inquiry Getting a Target...
Nina Collins purchased the New Dimensions bond fund. While this fund doesnt charge a front-end load, it does charge a contingent deferred sales load of 4 percent for any withdrawals in the first five...
Ted Paulson needed money to pay for unexpected medical bills. To obtain $12,000, he decided to sell some of his shares in the Ridgemoor Capital Appreciation Fund. When he called the investment...
A travel agency was curious about whether the service a guest receives is related to the size of the hotel. The agency surveyed 300 customers and summarized their responses in the accompanying table....
What are some intercultural roadblocks you could anticipate taking place in an international event negotiations for a popup event? What are your suggested strategies/tips to mitigating your presented...
What is the primary object of a logistic design and analysis study? Is it usually a one time activity? Why is it important to develop supporting logic to guide the logistic and supply chain planning...
Can you clearly discuss the key arguments that an IT project manager may have in favour of following an agile-driven approach? Conversely, discuss potential arguments an IT manager may have for...
What strategic alliances would make the most sense for amazon and why ? Examples: 1. Developing strategic partnerships with other large companies such as Walmart, Target, and Apple. 2. Establishing...
Can you help me explain the marketing positioning concept. And discuss how Samsung successfully repositioned its brand as an example of this.
Call Systems Company, a telephone service and supply company, has just completed its fourth year of operations. The direct write-off method of recording bad debt expense has been used during the...
In the figure, two loudspeakers, separated by a distance of d1 = 2.63 m, are in phase. Assume the amplitudes of the sound from the speakers are approximately the same at the position of a listener,...
Explain how a weak economy affects the values of homes.
Explain how stronger economic conditions affect the values of homes.
What should you consider when determining an affordable down payment and monthly mortgage payments?
Consider the 3-circle Venn Diagram, with three sets A, B, and C. Let A, B, and C be the cardinality of the three sets, respectively. B. C (a) If there are two sets, the Inclusion-Exclusion Principle...
Your company is considering a new project that will require $10,000 of new equipment at the start of the project. The equipment will have a depreciable life of five years and will be depreciated to a...
Stop N Go Pizza is a small but recently growing pizza delivery business with six shops. After a period of rapid growth, Stop N Go Pizza experienced a six-month decline in volume. Customers were...

Bill Matthews is investing $11,300 in the Washington Mutual fund. The fund charges a 5.75 percent commission

Question:

Step by Step Answer:

To calculate the amount of commission Bill must pay we will use th...View the full answer

Personal Finance

Students also viewed these Business questions