The buying and selling commission schedule shown in the table is from an online discount brokerage firm. Taking into consideration the buying and selling commissions in this schedule, find the annual compound rate of interest earned by each investment in Problems 95 - 98 . An investor purchases 100 shares of stock at $ 65 per share, holds the stock for 5 years, and then sells the stock for $ 125 a share.
The buying and selling commission schedule shown in the table is from an online discount brokerage firm. Taking into consideration the buying and selling commissions in this schedule, find the annual compound rate of interest earned by each investment in Problems 95 - 98 . An investor purchases 100 shares of stock at $ 65 per share, holds the stock for 5 years, and then sells the stock for $ 125 a share.
Solution Summary: The author calculates the annual compound rate of interest earned when an investor purchases 100 shares of a stock which costs 65 per share.
The buying and selling commission schedule shown in the table is from an online discount brokerage firm. Taking into consideration the buying and selling commissions in this schedule, find the annual compound rate of interest earned by each investment in Problems
95
-
98
.
An investor purchases
100
shares of stock at
$
65
per share, holds the stock for
5
years, and then sells the stock for
$
125
a share.
Suppose that under your health insurance policy, hospital expenses are subject to a $750 deductible and $150 per day copay. You get sick and hospitalized for 4 days, and the bill (after your insurance discounts are applied) comes to $6250. How much of that hospital bill will you have to pay yourself.
With a certain medical insurance policy, the customer must first pay an annual
$350
deductible, and then the policy covers
60%
of the cost of x-rays. The first insurance claims for a specific year submitted by a person are for two x-rays. The first x-ray cost
$610,
and the second x-ray cost
$950.
How much, in total, will he need to pay for these x-rays?
A sum of $20,000 is used to buy a deferred perpetuity-due that pays $2,100every year for the first 5 years and $1,000 per year thereafter. If the annualeffective rate is 6%, find the deferred period.
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Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
A Survey of Mathematics with Applications (10th Edition) - Standalone book
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