5 Answered Questions for the topic Financing

12/04/17

Traditional IRA ADVANCED ALGEBRA

Yon made contributions to a Traditional IRA over the course of 35 working years. Her contributions averaged $2,000 annually. Yon was in the 28% tax bracket during her working years. The average... more
Financing

03/12/15

See Description, total purchase price commission

Billy is a broker who charges 1% per stock transaction. A competing online broker charges $19 per trade. If someone is planning to purchase stock, at what total purchase price would Billy’s... more
Financing

03/12/15

See Description, 700 shares of stock for $32 per share, paid 1% commission

If you bought 700 shares of stock for $32 per share, paid 1% commission, and then sold than six months later for $51.50 per share, with a $30 flat fee, are your net proceeds positive or... more
Financing

03/12/15

See Description, a 3-for-4 reverse split

Last week, Mike owned (x) shares of Spoonaire stock. Yesterday, the company instituted a 3-for-4 reverse split. The pre-split price per share was $4.20. The number of shares outstanding before the... more

06/08/14

Financing Word Problem - HELP!

an investment of $1500 earned $35.20 at a simple-interest rate of 5.5% per year. How long was the investment held?

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