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Please answer this question ASAP Use the commission schedule from Company B shown in the table to find the annual rate of interest earnmed on
Please answer this question ASAP Use the commission schedule from Company B shown in the table to find the annual rate of interest earnmed on the investment. (Note: commisions are rounded to the nearest cent.) Principal (Value of Stock) Under $3,000 $3,000-$10,000 Over $10,000 Commission $32 + 1.8% of principal $56 + 1% of principal $106 + 0.5% of principal An investor purchases 363 shares at $35.94 a share, holds the stock for 346 days, and then sells the stock for $52.76 a share. Assume a 360-day year. The annual rate of interest is %. (Round to three decimal places.)
Please answer this question ASAP
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