You invest in a mutual fund that charges a 3% front-end load, 2% total annual fees, and a 3% back-end load, which decreases .5%

Question

3 years ago

9

You invest in a mutual fund that charges a 3% front-end load, 2% total annual fees, and a 3% back-end load, which decreases .5%

per year. How much will you pay in fees on a $11,700 investment that does not grow if you cash out after 3 years of no gain?a. $291b. $351c. $855d. $1,072

Business

1 answer:

Phoenix [80] · Answer 1 · 2022-05-01T17:47:28+03:00

Phoenix [80]3 years ago

5 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.