Since Toni Brookfield is retired, she has used income from her investment in the Alger Mid Cap
Question:
Since Toni Brookfield is 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 $1,300. If she withdraws 70 percent of the growth, how much will she receive?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
To calculate the amount Toni Brookfield will receive from the ...View the full answer
Answered By
Bree Normandin
Success in writing necessitates a commitment to grammatical excellence, a profound knack to pursue information, and a staunch adherence to deadlines, and the requirements of the individual publication. My background comprises writing research projects, research meta-analyses, literature reviews, white paper reports, multimedia projects, reports for peer-reviewed journals, among others. I work efficiently, with ease and deliver high-quality outputs within the stipulated deadline. I am proficient in APA, MLA, and Harvard referencing styles. I have good taste in writing and reading. I understand that this is a long standing and coupled with excellent research skills, analysis, well-articulated expressions, teamwork, availability all summed up by patience and passion. I put primacy on client satisfaction to gain loyalty, and trust for future projects. As a detail-oriented researcher with extensive experience surpassing eight years crafting high-quality custom written essays and numerous academic publications, I am confident that I could considerably exceed your expectations for the role of a freelance academic writer.
5.00+
7+ Reviews
21+ Question Solved
Related Book For
Personal Finance
ISBN: 9781264101597
14th Edition
Authors: Jack Kapoor, Les Dlabay, Robert 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....
-
1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
-
1. Was 1MDB a fraudulent venture from the beginning? Why or why not? 2. How did the US Government become involved in the 1MDB saga? 3. What does the involvement of so many financial institutions in...
-
Go to this texts Web site at academic. cengage.com/blaw/clarkson and select Chapter 38. Click on Video Questions and view the video titled Corporation or LLC: Which Is Better? Then answer the...
-
Is duration a complete measure of bond risk? Is it the best measure?
-
New automobiles are often equipped with artificial intelligence capabilities that support the driver up to the point of allowing fully autonomous operations. The inspection process of these vehicles...
-
Wales Company purchased (at a cost of $10,800) and used 2,400 pounds of materials during May. Waless standard cost of materials per unit produced is based on 2 pounds per unit at a cost $5 per pound....
-
MKM International is seeking to purchase a new CNC machine in order to reduce costs. Two alternative machines are in consideration. Machine 1 costs $450,000, but yields a 15 percent savings over the...
-
A dam is to be constructed using the cross-section shown. Assume the dam width is w = 160 ft. For water height H = 9 ft. calculate the magnitude and line of action of the vertical force of water on...
-
You bought a rental property for $150,000 cash. Later you sell the property for $180,000. What was your return on investment?
-
Given the information in question 12, calculate the percentage of total return for your $5,040 investment. Question 12 Assume that one year ago, youbought 210 shares of a mutual fund for $24 per...
-
What are some ways in which a board of directors can increase its power? Under what circumstances can its power be decreased?
-
5) Write a static method get Password that will read a user's password from System.in. The user has to enter the password twice. The method should iterate the following steps as many times as...
-
Suppose it cost $2.90 to fill a gas tank in 1965. How much would it cost to fill the same tank in 1995? Use the table below. YEAR GASOLINE PRICE (cents per gallon) 1955 29.1 1965 31.2 1975 56.7 1985...
-
On January 1, 2023 The Tamarisk Shoppe issued the following series of bonds: First issue: 440 $1,000, 5% bonds, at par, each convertible into 10 common shares. Second issue: 500 $100, 8% bonds, at...
-
The affluent consumer segment can be defined in many ways, but most consider those with over $100,000 in household income and $250,000 or more in assets to be mass affluent. Affluent individuals tend...
-
A cessna 172 aircraft is cruising at 110 knots TAS at 5,500 feet. What is the equivalent airspeed? Solve the problem in the British system of units.
-
Consider the data for Russell Department Stores presented in Problem P15-35B. Problem P15-35B Requirements 1. Prepare a common-size income statement and balance sheet for Russell. The first column of...
-
What mass of KBr (in grams) should you use to make 350.0 mL of a 1.30 M KBr solution?
-
What information is included in a loan contract? How is the amount of the loan determined?
-
Explain how collateral works. Do all loans have collateral? What is the relationship between collateral and interest rates?
-
Explain the difference between a 10% rate charged on a payday loan and a 10% rate charged by a bank on a personal loan.
-
ABC Limited located in a country which has a capital gains tax, conducted the following transactions: a. Purchased a building in February 2018 for $26,000,000. In March 2019, the company spent $2,...
-
Suppose you sell a fixed asset for $ 1 1 9 , 0 0 0 when its book value is $ 1 3 9 , 0 0 0 . If your companys marginal tax rate is 2 1 percent, what will be the effect on cash flows of this sale ( i ....
-
Provide an evaluation of two proposed projects, both with identical initial outlays of $200,000. Both of these projects involve additions toa client'shighly successful product line. The required rate...
Study smarter with the SolutionInn App