A Plane Can Fly 260 Miles in the Same Time

question 81

Short Answer

A plane can fly 260 miles in the same time as it takes a car to go 100 miles. If the car travels 80 mph slower than the plane, find the speed of the plane.

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Definitions:

Front-end Loads

Charges or fees that are paid by investors at the time of purchasing shares of a mutual fund or an investment trust.

Low-load Mutual Funds

Mutual funds that charge a lower sales load (commission) compared to typical sales charges, making them more cost-effective for investors.

Asset Value

Asset value is the total value of a company's or individual's assets, calculated by summing the market value of all tangible and intangible items.

Net Asset Value

The total value of a fund's assets minus its liabilities, often used in the context of mutual and exchange-traded funds.