On March 3, 2015, Miranda invests $15,000 into a segregated fund contract with a deferred sales charge (DSC) When Miranda withdraws her funds on May 7, 2017, the market value of her segregated fund is $16,900.

What is the net amount that Miranda will receive from the insurer if the DSC schedule is as shown in the table below Length of time after a premium is paid Charge Less than 1 year 50 

1). Less than 2 years 45 

2). Less than 3 years of 40 

3). Less than 4 years 35 

4). Less than 5 years of 30 

5). Less than 6 years of 25