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Problem:

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?

  • $291
  • $351
  • $855
  • $1,072

Note: Explain all steps comprehensively.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91149692

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