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A mutual fund has total assets

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Question

A mutual fund has total assets of $45,000,000 style=”color:rgb(0,0,0);”> and total liabilities of $6,000,000. There are 1,300,000 shares outstanding. Find the net asset value of the mutual fund. (Round your answer to the nearest cent.)

 
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After becoming a commercial pilot

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Question

After becoming a commercial pilot, Lorna Kao decides to purchase a Cessna 182

for $64,815. Assuming the sales tax is 5.1% of the purchase price, find each of the following.

(a) What is the total cost, including sales tax?

$  

(b) If Lorna makes a down payment of 18% of the total cost, find the down payment.

$  

(c) Assuming Lorna finances the remaining cost at an annual interest rate of 7.05% for 10 years, find the monthly payment.

$

 
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You purchase a cottage for $190,000

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Question

You purchase a cottage for $190,000. You

obtain a 30-year, fixed rate mortgage loan at 12.5% after paying a down payment of 30%. Of the second month’s mortgage payment, how much is interest and how much is applied to the principal? (Round your answers to the nearest cent.)

interest    $ 

applied to the principal    $

 
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Use a calculator for this exercise

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Question

Use a calculator for this exercise.
style=”color:rgb(0,0,0);”>Luis Mahla purchases a Porsche Boxster for $43,700 and finances the entire amount at an annual interest rate of 5.3% for 5 years. Find the monthly payment. Assume the sales tax is 6% of the purchase price and the license fee is 1% of the purchase price. (Round your answer to the nearest cent.

 
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