As Bart Brownlee approached retirement, he decided the time had come to invest some of his nest

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As Bart Brownlee approached retirement, he decided the time had come to invest some of his nest egg in a conservative fund. He chose the Franklin Utilities fund. If he invests $46,000 and the fund charges a 4.25 percent load when shares are purchased, what is the amount of commission that Bart must pay?

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Focus On Personal Finance

ISBN: 9780077861742

5th Edition

Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

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