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2. Back-end Load. You bought $3,500 worth of mutual funds with a back-end load of 3% if you sell within the first year. It decreases

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2. Back-end Load. You bought $3,500 worth of mutual funds with a back-end load of 3% if you sell within the first year. It decreases 1% a year afterward. (a) If you sell during the fifth year, how much will be the back-end load? (b) Did you make a good decision buying such a mutual fund

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