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John needed money to pay for unexpected medical bills. To obtain $1,200, he decided to sale some of his shares in the Ridgemoor Capital Appreciation

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John needed money to pay for unexpected medical bills. To obtain $1,200, 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 1 percent withdrawal fee If he has owned the fund for 1 year and 9 months and withdraws $1.200 to pay medical bills, what is the amount of the contingent deferred sales food? Fifth year

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