Question
A mutual fund has a front-end load of 4.7% and an annual management fee of 1.2%. If you invest $100k into the fund today, and
A mutual fund has a front-end load of 4.7% and an annual management fee of 1.2%. If you invest $100k into the fund today, and one year from now the underlying fund assets increase in value by 13.2%, what will be the end of year value of your mutual fund investment?
Please show work in Excel
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The Handbook For Investment Committee Members
Authors: Russell L. Olson
1st Edition
0471719781, 978-0471719786
