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I invest $35,000 into a mutual fund. The fund earns an 8.9% annual interest rate (compounded annually, ignoring fees). The index charges a 1.85% expense
I invest $35,000 into a mutual fund. The fund earns an 8.9% annual interest rate (compounded annually, ignoring fees). The index charges a 1.85% expense ratio and a 0.8% front-end load fee. How much money will be in the fund in 9 months, based on this information?
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