During one three-month period, Matt Roundtops mutual fund grew by $6,000. If he withdraws 35 percent of
Question:
During one three-month period, Matt Roundtop’s mutual fund grew by $6,000. If he withdraws 35 percent of the growth, how much will he receive?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
The amount Mr Rou...View the full answer
Answered By
Sandhya Sharma
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
4.90+
119+ Reviews
214+ Question Solved
Related Book For
Focus On Personal Finance
ISBN: 9780077861742
5th Edition
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
Question Posted:
Students also viewed these Business questions
-
Since Tanya Martin retired, she has used income from her investment in the Alger Mid Cap growth fund to supplement her other retirement income. During one three month period, the fund grew by $4,000....
-
Since Tanya Martin retired, she has used income from her investment in the Alger Mid Cap growth fund to supplement her other retirement income. During one three-month period, the fund grew by $2,800....
-
Old Money Group (OMG) is a mutual fund management company based in Seattle. It operates four separate funds, each with a different goal: one each for income growth and income interest production, one...
-
Use the figure to make the lists in Exercises 8586. List the slopes m 1 , m 2 , m 3 , and m 4 in order of decreasing size. y y = mx + b y = mx + b X - y = m3x + b3 y = m4x + b4
-
One-year Treasury bills currently earn 3.45 percent. You expect that one year from now, 1-year Treasury bill rates will increase to 3.65 percent. The liquidity premium on 2-year securities is 0.05...
-
Pas Corporation acquired 80 percent of Sel Corporation's common stock on January 1, 2011, for $420,000 cash. The stockholders' equity of Sel at this time consisted of $300,000 capital stock and...
-
Simulate tossing a coin. (a) For a balanced coin, generate 100 flips. (b) For a coin with probability of heads 0.8, generate 100 flips.
-
The Sterling Trust owns a business and generated $100,000 in depreciation deductions for the tax year. Mona is one of the income beneficiaries of the entity. Given the following information, can Mona...
-
Merline Manufacturing makes its product for $60 per unit and sells it for $133 per unit. The sales staff receives a commission of 10% of sales. Its December income statement follows. MERLINE...
-
Marys Luxury Travel uses a weekly federal income tax withholding table. Refer to Figure 8-4 in the text. The payroll data for each employee for the week ended March 22, 20, are given. Employees are...
-
What is a credit bureau?
-
Over a four-year period, LaKeisha Thompson purchased shares in the Oakmark I Fund. Using the following information, answer the questions that follow. You may want to review the concept of dollar cost...
-
Effective marketing increases consumer awareness of a hotel. Selling relates to the personal aspect of client relations. Which of these two activities do you believe is more important in the...
-
A conflict occurs with a client because they want access to services that are in high demand. You have told the client there is a waiting list. They are not happy with this. What should you do when...
-
COMPARING PRICES You are the owner of a music store. You have decided to advertise on local radio and television. Your budget is limited , but you want favorable reach and frequency.Contact local...
-
Does the HIPAA restrictions allow for a variety of scenarios, in other words, is it so strict that friends could not help someone in the hospital or needing extra care at home?
-
Consider the following: does organization structure precede strategy, or vice versa? That is, which comes first, the organization's design or the strategy that the organization uses? Discuss....
-
A taxpayer gets into rocky straits with their spouse and begins the process of filing for divorce, choosing to file separately for TY2023. The taxpayer initially begins as the sole owner of their...
-
In the situation shown in Fig. 29.18, would it be appropriate to ask how much energy an electron gains during a complete trip around the wire loop with current I'? Would it be appropriate to ask what...
-
Suppose that fraction used = / 1.0 + 0.1Mt. for some parameter 1. Write the discrete-time dynamical system and solve for the equilibrium. Sketch a graph of the equilibrium as a function of ....
-
The end of the billing period on Pauls credit card is the thirtieth of the month. He has a grace period of 21 days. If Paul purchases a stereo for $2300 on June 12, how many interest-free days will...
-
Sharon is considering the purchase of a car. After making the down payment, she will finance $15 500. She is offered three maturities. On a four- year loan, Sharon will pay $371.17 per month. On a...
-
What is the difference between a conventional mortgage and a high ratio mortgage? What is a vendor take-back mortgage? How does it work?
-
You invest 50% of your financial assets in the Vanguard Total Stock Market ETF (VTI) and 50% in the Vanguard Total Bond Market ETF (BND). VTI has an expected return of 8% and a standard deviation of...
-
You have found the car you would like to purchase. The negotiated price = $57,500 and you are taking out a loan with a 7.5% APR compounded monthly for 6 years. What are your monthly payments? Car...
-
Suppose a male member currently aged 35, entered service at his age of 25, has a current salary of $75, 000 and total past salary of $650, 000. Assume that salaries increase at the beginning of each...
Study smarter with the SolutionInn App