Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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 $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Proofs And Fundamentals A First Course In Abstract Mathematics

Authors: Ethan D Bloch

2nd Edition

1441971270, 9781441971272

More Books

Students also viewed these Mathematics questions

Question

8. What values do you want others to associate you with?

Answered: 1 week ago