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A fund has an 8% front-end load on purchases and a 1% expense ratio. Gross return of this fund is 9% per year before expenses.

A fund has an 8% front-end load on purchases and a 1% expense ratio. Gross return of this fund is 9% per year before expenses. If you invest $10,000 in this fund, how much money will you have in this fund after 5 years?

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