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Lelechka [254]
3 years ago
5

As Bart Brownlee approached retirement, he decided the time had come to invest some of his nest egg in a conservative fund. He c

hose the Franklin Utilities Fund. If he invests $30,000 and the fund charges a load of 4.25 percent when shares are purchased, what is the amount of commission (load) Bart must pay?
Business
1 answer:
Serga [27]3 years ago
8 0

Answer:

$1,275

Explanation:

The computation of the amount of commission for paying is shown below:

= Invested amount × fund charges a load percentage

= $30,000 × 4.25%

= $1,275

By multiplying the invested amount with the fund charges a load percentage we can easily calculate the amount of commission and the same is to be considered

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