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?

On March 3, 2015, Miranda invests 515,000 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 premium is paid Charge 5.0" Less than 1 year 1. Less than 2 years 2. Less than 3 years 4.5 4.0% 3 - Less than 4 years 3.5% 4. Less than 5 years 3.0% 5 - Less than 6 years 2.5% 6 years + 0.09 18888 Ob) $16,140 $16,224 516,300 $16,900