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An investor invests $50,000 upfront into a back-load mutual fund. The load fee is 3%. The fund earns 9% annually over a six year period.

An investor invests $50,000 upfront into a back-load mutual fund. The load fee is 3%. The fund earns 9% annually over a six year period. The investor decides to liquidate their investment. How much will they withdraw at the end of their investment? Show your work!

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