What was its turnover ratio

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1. How many years will it take you to pay off a mortgage of $100,000 if you are making monthly payments of $1434.71 and the rate of interest you are being charged is 12.3040% compounded semiannually?

2. You currently have $132.6 in your savings account at an annual rate of 10 percent. How many years will it take for this investment to grow to a value of $437.8?

3. The New Fund had average daily assets of $3.5 billion in the past year. The fund sold $413 million and purchased $513 million worth of stock during the year. What was its turnover ratio? (Round your answer to 2 decimal places.)

Reference no: EM131955777

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