Amir opened his first Tax-Free Savings Account (TFSA) on January 1, 2020 and deposited $30,000. He invested this money in 6,000 shares in Epic Growth mutual fund at $5/share. As of today, April 29, 2021, Amirs only investment grew to $16.00/share! Despite the great returns, Amir is contemplating selling the shares. What would be the difference in his pocket if he sold them today at $16 or next year at double the price ($32). This is a back-end loaded fund. Do not take taxes into consideration.

Note: Use the Declining Redemption Schedule below to determine the back-end load fee that Amir will have to pay (the amount of the fee is based on the value of the fund when it is redeemed).

Points: 1

1. $93,355
2. $91,287
3. $92,160
4. $93,608
5. $96,000