Mathew Johnston invested a total of $94,000 in the New Colony Pacific Region mutual fund. The management

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Mathew Johnston invested a total of $94,000 in the New Colony Pacific Region mutual fund. The management fee for this particular fund is 0.80 percent of the total asset value.

Calculate the management fee Mathew must pay this year.

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Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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