Question
As part of his 401(k) retirement plan at work, Ken Lowery invests 6.00 percent of his salary each month in the Capital Investments Lifecycle
As part of his 401(k) retirement plan at work, Ken Lowery invests 6.00 percent of his salary each month in the Capital Investments Lifecycle Fund. At the end of this year, Ken's 401(k) account has a dollar value of $211,400. If the fund charges a 12b-1 fee of 0.80 percent, what is the amount of the fee? (Round your answer to 2 decimal places.) 12b-1 fee
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
16th edition
1118742974, 978-1118743201, 1118743202, 978-1118742976
