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3. Determining Management Fees. Nyla invested a total of $1,000 in an another mutual fund. The management fee for this particular fund is 0.25 percent

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3. Determining Management Fees. Nyla invested a total of $1,000 in an another mutual fund. The management fee for this particular fund is 0.25 percent of the total asset value. Calculate the management fee Nyla must pay this year

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