Calculating Contingent Deferred Sales Loads. Ted Paulson needed money to pay for unexpected medical bills. To obtain $$6,000,$ he decided to sale some of his shares in the Ridgemoor Capital Appreciation Fund. When he called the investment company, he was told that the following fees would be charged to sell his $"B"$ shares:

First year $5$ percent withdrawal

fee Second year $4$ percent

withdrawal fee Third year $3$

percent withdrawal fee

Fourth year $2$ percent withdrawal fee

Fifth year $1$ percent withdrawal fee

If he has owned the fund for $21$ months and withdraws $$6,000$ to pay medical bills, what is the amount of the contingent deferred sales load?

The contingent deferred sales load Mr$.$ Paulson must pay is $ $$ as calculated below.