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Mathew Johnston invested a total of $13,900 in the New Colony Pacific Region mutual fund. The management fee for this particular fund is 0.20 percent

Mathew Johnston invested a total of $13,900 in the New Colony Pacific Region mutual fund. The management fee for this particular fund is 0.20 percent of the total asset value. Calculate the management fee Mike must pay this year. (Round your answer to 2 decimal places.)

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