Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

just sold your shares of it mutual fun for 20,284 and $.10 after fees you had an investment with the fund for four years and

just sold your shares of it mutual fun for 20,284 and $.10 after fees you had an investment with the fund for four years and earn an annual return of 9.15% expense ratio on the fund was .76% and the redemption on the phone was 5000 what was the initial investment
A 15,509.23
b 16,730.78
c 13,711.17
d 14,891.45

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basic Finance An Introduction To Financial Institutions Investments And Management

Authors: Herbert B. Mayo, Michael J Lavelle

13th Edition

0357714741, 978-0357714744

More Books

Students also viewed these Finance questions