I need answer is paragraph form .... in writing please ...explain the steps and

Question

I need answer is paragraph form .... in writing please ...explain the steps and how you got the answer C Pearson eletx ndra Martine SECTION 3.3 Future Volue of an Annuity; Sinking Funds147 The buying and selling commission schedule shown in the table is from an online discount brokerage firm. Taking into consider. ation the buying and selling commissions in this schedule, find the annual compound rate of interest earned by each investment in Problems 95-98 at 8% com- 00 investment nother pays ould you Commission Rate S29 + 25% of principal 557 + 0.6% of principal S75 + 0.30% of principal $97 + 0.20% of principal $147 + 0.10% of principal S247 + 0.08% of principal Transaction Size other pays 6% S0-$1,500 d you choose? aily for a onthly for a S1.501-$6.000 S6,001-$22,000 $22,001-550,000 $50,001-s500,000 $500,001+ or purchases 100 shares or MOChmeshare. o 125 has nded 96. An investor purchases 300 shares of stock at $95 per share. holds the stock for 3 years, and then sells the stock for $156 asly has nded a share and thersells the stock for $55 on bona is a alue at sone are muide matures in f its rate of 98. An investor purchases 400 shares of tock at 548 per share. holds the stock for 6 years, and then sells the stock for S147 share Answers to Matched Problems marures in t its tate of I. (A) S1.593 85 B) S160I C S1610.32 (D) SI6144 2. (A) $9.155.23 i with a und rate of pport I Feedback

Explanation / Answer

Hi,

96.It's given he purchased 300 shares at $95, therefore total transaction value is 300*95= 28500

Given commission rate is 97+ 0.20* 28500= 5797$,

Therefore total investment is 5797+28500= 34297

Given he sold them at 156$,

Transaction value= 156*300= 46800

Commission on above value is 97+0.20*46800=9457

Return value is 46800-9457= 37343
Compound interest formula

A = P (1 + r/n) (nt)
A is 37343
P is 34297
T is 3 years
n is 1 since annual
Substituting we get
R=

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