DavidNeedsHelp7632 DavidNeedsHelp7632
  • 23-07-2017
  • Business
contestada

Tiffany scott puts $10,000 into a load mutual fund. she knows that her up-front sales commission is 6%. how much of her money actually goes to buy shares in the mutual fund?

Respuesta :

W0lf93
W0lf93 W0lf93
  • 01-08-2017
If the upfront sales commission is 6%, then $9,400 will go to actually buy shares. This is because 6% of $10,000 is $600. Thus, to find the answer, you must subtract $600 from the initial amount, $10,000. Thus, $10,000 - $600 = $9,400. So, there is $9,400 left over to buy shares in the mutual fund.
Answer Link

Otras preguntas

What is the marching name for going forward...its URGENT
an item is regularly priced at $30. it is on sale for 30% off the regular price. what is the sale price?
if an external point of a circle is at a distance equal to the diameter of the circle from the center of the circle, the length of the tangent drawn from the ex
Tess has second- and third-degree burns on her arms and face. explain why the burns that tess suffered make her very susceptible to infection.
A college has collected returnable dormitory room deposits from students. how would these deposits be reported by the college?
What is the solution of -83=b/4? (with work please)
bena thinks that dissolving more salt in eater causes the mixtures freezing temperature to change which is the best type of scientific investigation for bena to
Which sentence is an objective description? A. Ely got the highest score, a 95, on the science test. B. Henri Matisse was one of the greatest modern artists
Using a cathode ray tube, Thomson confirmed that
Why was the reservation system initially implemented?