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Mathematics, 29.05.2020 00:03, chris4212
Sandy made several investments. She bought 1000 shares of a company’s stock for $8.60/share, she bought a bond with a face value of $2500 and a coupon rate of 7%, and she invested $5000 into a fund that is expected to grow by 3.5% per year.
⦁ Sandy pays a broker a commission of $14 to buy and sell stock. After one year, Sandy sold all her shares, when they were worth $9.15/share. What was her net gain or loss? Show your work.
⦁ The bond Sandy purchased will mature in 10 years. How much interest will she receive semiannually?
⦁ How long will it take the fund she invested in to be worth $10,000?
⦁ Sandy’s gross annual income is $51,350. She is paid biweekly and has 5% deducted from her paycheck for her 403(b). Her employer matches her deduction, up to 4%. How much is deposited into Sandy’s 403(b) each payday?
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Sandy made several investments. She bought 1000 shares of a company’s stock for $8.60/share, she bou...
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