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STALIN [3.7K]
3 years ago
11

The Yamaha Aggressive Growth Fund has an expense ratio of 1.83 percent. If you invest $58,500 in this fund, what is the dollar a

mount of fees that you would pay this year? (Round your answer to 2 decimal places.)
Business
1 answer:
astra-53 [7]3 years ago
3 0

Answer:

$1070.55

Explanation:

Expense ratio is the fee charged by fund managers for managing your investment.

so if you invest $58,500 assuming no return this year, the fee deductible would be simply 1.83% of $58,500

This amounts to $1070.55

Hope this helps.

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3 years ago
In the month of October, Tran Incorporated had salaries of $15,000 for factory managers, $18,000 for financial managers, and $42
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The correct answer is C.

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