Use the commission schedule for Company B to find the annual rate of interest earned by each
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Use the commission schedule for Company B to find the annual rate of interest earned by each investment. Use the commission schedule for Company B to find the annual rate of interest earned by each investment.
An investor purchases 250 shares at S14.73 a share, holds the stock for 42 weeks, and then sells the stock for $18.89 a share.
Commission $28+1.7% of the principal $45+ 1.3% of the principal $105+0.6% of the principal.
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
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