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An investment fund generates 8% annual return from investment. It expects to incur 1.5% in operating expenses and .5% in 12b-1 charges annually. It also

An investment fund generates 8% annual return from investment. It expects to incur 1.5% in operating expenses and .5% in 12b-1 charges annually. It also charges 2% back end load which is to decline .5% every year the investment is in the fund. What is the value of a $1000 investment after 1 year? 6 years

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