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Cheryl has invested $600 in a mutual fund that charges 6% front-end load. She plans to keep her investment in the fund for the next

Cheryl has invested $600 in a mutual fund that charges 6% front-end load. She plans to keep her investment in the fund for the next 10 years. What will be her average annual return, if she expects the fund to earn a 5% reported return in an average year? 

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