Question
1. Use the given partial stock table. Round dollar amounts to the nearest cent when necessary. https://www.webassign.net/aufexc4/11-4-009.pdf Michele Desjardins bought 700 shares of Apple (APPL)
1. Use the given partial stock table. Round dollar amounts to the nearest cent when necessary.
https://www.webassign.net/aufexc4/11-4-009.pdf
Michele Desjardins bought 700 shares of Apple (APPL) at the 52-week low and sold the shares at the 52-week high shown in the table.(a)Ignoring dividends, what was Michele's profit or loss on the sale of the stock?$
This is a ---Select--- profit or loss .
(b)If her broker charges 2.1% of the total sale price, what was the broker's commission?$
2. Marcel Thiessen purchased a home for$201,400and obtained a 15-year, fixed-rate mortgage at10%after paying a down payment of 10%. Of the first month's mortgage payment, how much is interest and how much is applied to the principal? (Round your answer to the nearest cent.)
interest | $ |
applied to the principal | $ |
3. You purchase a cottage for$170,000. You obtain a30-year, fixed rate mortgage loan at11.0%after paying a down payment of20%. Of the second month's mortgage payment, how much is interest and how much is applied to the principal? (Round your answers to the nearest cent.)
interest | $ |
applied to the principal | $ |
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