Question
If your fund has a front-load charge of 6% and you invest $14,000, how much of this money will be invested in the mutual fund?
If your fund has a front-load charge of 6% and you invest $14,000, how much of this money will be invested in the mutual fund?
a. Amount invested in the mutual fund
If your fund has a back-end load charge of 6% and you invest $4,000, how much of this money will be invested in the mutual fund?
b. Amount invested in the mutual fund
If you own a back-end load mutual fund with a 6% charge and you withdraw $27,000 of your investment, how much will be subtracted from your withdrawal to pay commission fees?
c. Commission fees
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Personal Finance Building Your Future
Authors: Robert Walker, Kristy Walker
2nd Edition
0077861728, 9780077861728
