Jan Throng invested $61,000 in the Invesco Charter mutual fund. The fund charges a commission of 5.50

Question:

Jan Throng invested $61,000 in the Invesco Charter mutual fund. The fund charges a commission of 5.50 percent when shares are purchased. Calculate the amount of commission Jan must pay.

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

Step by Step Answer:

Related Book For book-img-for-question

Focus On Personal Finance

ISBN: 9781265521974

7th Edition

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

See More Books

Question Posted: Jun 02, 2022 09:04 AM

See More Questions

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.
When shares are purchased or redeemed and cancelled, guidelines have been established for the sequence of accounts to adjust when allocating the cost. Which of the following is the first account to...
The average equity mutual fund charges about 1.5 percent annually as an operating expense ratio. Assuming that the average fund earns 11 percent on a gross basis over a 20 year period, determine how...
The flexural rigidity of a rod-like structure like a microtubule is a measure of its bending stiffness. Flexural rigidity is given by EL, where E is the Young?s modulus and L is the geometrical...
5 / 6 r 3/4 1/6 + 7/2 r Simplify the expression or solve the equation, as appropriate.
Given this, write two or three more examples of what you believe Zappos could actually use as HR policies.
True or False: The RMS can be calculated for a nonperiodic time waveform.
A study by Peter D. Hart Research Associates for the Nasdaq Stock Market revealed that 43% of all American adults are stockholders. In addition, the study determined that 75% of all American adult...
The Saleemi Corporation's $3,000 bonds pay 5 percent interest annually and have 13 years until maturity. You can purchase the bond for $800. a. What is the yield to maturity on this bond? b. Should...
Pets-R-Us is a local pet store that offers a variety of pets for adoption. Pets-R-Us also sells a variety of pet-related products, supplies, services, and accessories. Pets-R-Us needs help with the...
As Bart Brownlee approached retirement, he decided the time had come to invest some of his nest egg in a conservative fund. He chose the Franklin Utilities Fund. If he invests $25,000 and the fund...
The Western Capital Growth mutual fund has: Total assets, $836,000,000 Total liabilities, $6,000,000 Total number of shares, 40,000,000 What is the funds net asset value (NAV)?
No Growth Incorporated had operating income before interest and taxes in 2011 of $220 million. The firm was expected to generate this level of operating income indefinitely. The firm had depreciation...
1. A mechanic lifts a 1740 kg car using a hydraulic lift. The lift uses two pistons with diameters in ratio of d/d = 5.30, with the car lifted using the large piston to a height of 1.75 m. (a) How...
5. Mohan, a retail merchant commenced business with a capital of Rs. 12,000 on 1.1.94. Subsequently on 1.5.94 he invested further capital of Rs. 5,000. During the year, he has withdrawn Rs. 2,000 for...
7. The full symbol of an ion of an element is 39X+? Which one of the following is the number of electrons in the ion? A. 18 B. 19 C. 20 D. 39 8. The atomic numbers of elements W, X, Y and Z are 9,...
26 The number of protons, neutrons, electrons in some particles are shown in the table below Particle Protons Neutrons electrons P 1 1 2 Q 2 2 2 R 3 4 2 T 4 5 4 Which one of the following particles...
Luke's turkey chili recipe calls for 2.5 pounds of ground turkey for every 10 servings. How many servings can he make if he has 6 pounds of ground turkey? Complete the explanation. When entering the...
Let u be a fixed vector in R2 (R3). Prove that the set V of all vectors v in R2 (R3) such that u and v are orthogonal is a subspace of R2 (R3).
For each of the following reactions, express the equilibrium constant: a) H20 (I) H2 (g) + 02 (g) Ke = 1.0x107 b) Fe2 (g) 2F (g) Ke= 4.9 x 10-21 c) C (s) + O2 (g) d) H2 (g) + C2H4 (g) C2H6 (g) Ke =...
What is the relationship between health insurance coverage and other aspects of financial planning?
The Tucker family has health insurance coverage that pays 80 percent of out-of-hospital expenses after a $500 deductible per person. If one family member has doctor and prescription medication...
1. Do you think Kathys father was planning wisely for the welfare of his family? Can you suggest ways in which this family could have cut monthly expenses and thus set aside some money for more...
How would Stephanies investing decisions be affected if she were 35 years old? If she were 50 years old? Amount of Insurance Needed. Considering the information in the previous problem, how much life...
Jamie Lee and Ross have been hearing many stories recently about acquaintances who are passing away without leaving a will, which made Jamie Lee and Ross anxious to review their estate plan with an...
What are the companys top risks, how severe is their impact and how likely are they to occur?

Jan Throng invested $61,000 in the Invesco Charter mutual fund. The fund charges a commission of 5.50

Question:

Step by Step Answer:

Ms Throng must pay 3...View the full answer

Focus On Personal Finance

Students also viewed these Business questions