You invest 7500 into a mutual fund that is expected to earn 7% per year, how long will it take the fun to be worth 15000?

Roger bought 800 shares of a company stock for 15.34/share. He pays the broker commission of 20 dollars to buy or sell stock after one year Roger sold all his shares when they were worth 18.77/share.

A.) how much it cost to buy the stock?

B.) what is the net gain or loss?

C.) what was the rate of return?

10.2 years

gain is $2,704.00

rate of return is 22%

Step-by-step explanation:

The it would take for mutual to double can be determined the future value formula as shown below:

=nper(rate,pmt,-pv,fv)

rate is the rate of return of 7% per year

pmt is the periodic amount placed in the mutual fund and it not applicable here

pv is the original amount invested which is $7,500

fv is the future worth of $15,000

=nper(7%,0,-7500,15000)=10.2 years

cost of shares=actual cost of purchase+broker's commission

                      =(800*$15.34)+$20=$12,292.00  

gain on shares=sales proceeds-cost=(800*$18.77)-$20-$12,292.00=$2,704.00  

rate of return=gain/original cost=$2,704.00/$12,292.00  =22%

a

step-by-step explanation:

when a number is between two straight lines it means the absolute value.

to find absolute value you need to know how many numbers is that number away from 0.

when finding absolute value the number will always come out positive

so absolute value of -3 is 3

absolute value of 3/2 is 3/2

absolute value of -2 is 2

absolute value of 3.5 is 3.5

absolute value of -1 is 1

now put these numbers in order:

a)   |-1|, |3/2|, |-2|, |-3|, |3.5|