DavidNeedsHelp7632 DavidNeedsHelp7632
  • 23-07-2017
  • Business
contestada

Tiffany scott puts $10,000 into a load mutual fund. she knows that her up-front sales commission is 6%. how much of her money actually goes to buy shares in the mutual fund?

Respuesta :

W0lf93
W0lf93 W0lf93
  • 01-08-2017
If the upfront sales commission is 6%, then $9,400 will go to actually buy shares. This is because 6% of $10,000 is $600. Thus, to find the answer, you must subtract $600 from the initial amount, $10,000. Thus, $10,000 - $600 = $9,400. So, there is $9,400 left over to buy shares in the mutual fund.
Answer Link

Otras preguntas

what is the Jones Act​
If scientist needed to find cells that contained a large number of chloroplasts, where would be the best place to look?​
A highlighter is an effective note-taking tool students use to apply bright color over text to make it stand out. apply brightly colored paper to important page
What is 216 divided by 31
Lactose intolerance causes difficulty digesting dairy products that contain lactose (milk sugar). It is particularly common among people of African and Asian an
Fixed expenses are $521,000 per month. The company is currently selling 7,000 units per month. Management is considering using a new component that would increa
what bill will have to be paid one of these days
what do you do when it says two wholes and two thirds minus blank equals one whole and one fourth
which question is an example of a statistical questions​
Is gender inequality a severe issue in America or is it bigger problem in other countries?? (Explain)