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

Question

3 years ago

12

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 $35,000 and the fund charges a load of 4.5 percent when shares are purchased, what is the amount of commission (load) Bart must pay

Business

1 answer:

Lunna [17] · Answer 1 · 2022-06-21T13:12:10+03:00

Lunna [17]3 years ago

3 0

Answer:

$1,487.5 is the amount of commission (load) Bart must pay

Explanation:

Commision to be paid :

which is equal to

=$35000*4.25%

which is equal to

=$1487.5.