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ou invest in a mutual fund that charges 3.2% front-end load, 0.75% in total annual fees, and a 4% back-end load, which decreases 0.50% per
ou invest in a mutual fund that charges 3.2% front-end load, 0.75% in total annual fees, and a 4% back-end load, which decreases 0.50% per year. You invested $1,000,000 on this mutual fund. How much will you have in your account if you cash out after 6 years of no gain?4
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