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I invest $ 2 5 0 , 0 0 0 in a mutual fund that charges a 3 . 2 % back - end load

I invest $

250, 000

in a mutual fund that charges a

3.2 %

back

-

end load fee. The assets in this fund earn a return of

11.2 %

annually. After twenty years, I sell my shares. How much money will I have after selling?

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