Mike Jackson invested a total of $8,500 in the ABC Mutual Fund. The management fee for this

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Mike Jackson invested a total of $8,500 in the ABC Mutual Fund. The management fee for this particular fund is 0.70 percent of the total asset value. Calculate the management fee Mike must pay this year. (Obj. 1)

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Focus On Personal Finance

ISBN: 9780073382425

3rd Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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Question Posted: Jul 23, 2024 07:03 AM

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Mike Jackson invested a total of $8,500 in the ABC Mutual Fund. The management fee for this

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Focus On Personal Finance

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