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Use the commission schedule from Company B Principal (Value of Stock) Commission shown in the table to find the annual rate of interest Under $3,000
Use the commission schedule from Company B Principal (Value of Stock) Commission shown in the table to find the annual rate of interest Under $3,000 $32 +1.8% of principal earned on the investment. (Note: commisions are rounded to the nearest cent.) $3,000 - $10,000 $56 +1.% of principal Over $10,000 $106 +0.5% of principal An investor purchases 105 shares at $37.62 a share, holds the stock for 353 days, and then sells the stock for $50.79 a share. Assume a 360-day year. The annual rate of interest is %. (Round to three decimal places.) Recently, More Money 4U offered an annuity that pays 6.3% compounded monthly. If $1,855 is deposited into this annuity every month, how much is in the account after 5 years? How much of this is interest? Type the amount in the account: $ (Round to the nearest dollar.) Type the amount of interest earned: $ (Round to the nearest dollar.)
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