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An investor invests $50,000 upfront into a front-load mutual fund. The load fee is 2%. The fund earns 8% annually over a five year period.

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An investor invests $50,000 upfront into a front-load mutual fund. The load fee is 2%. The fund earns 8% annually over a five 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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