Given:
125,000 investment
net asset of the fund was $21.29 back loaded with a loading rate of 3.9%
125,000/21.29 = 5,871.30 shares.
Maya Frankie bought 5,871.30 shares of the Washington Robinson Mutual Fund (Type B.)
The 3.9% loading rate will only be applicable once Maya decides to sell her shares. This is what back loaded means.
Are you looking for an equation or is there more to the question
It would be $636 because 30 times 22 is 660 and since it’s $4 interest for every hundred you do 6 times 4= 24 and 660-24=636.
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