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Please asnwer the follwing questions using the correct financial math steps to solve them: You are considering an investment in a mutual fund with a
Please asnwer the follwing questions using the correct financial math steps to solve them:
You are considering an investment in a mutual fund with a load and an expense ratio of You can invest instead in a bank CD paying interest.
a calculate the value of a $ investment in the CD after years
b calculate the value of a $ investment in the mutual fund if it earns per year for years Extra
You invest $ in a mutual fund, which earns a rate of return of over the next year and the year after that. Its expense ratio is
The fund has a CDSC on it which imposes charges according to this schedule:
Sell within year of purchase:
Sell after year but within the nd year after purchase:
Sell after years but within the rd year after purchase:
Sell after years but within the th year after purchase:
Sell after years but within the th year after purchase:
How much do you have if you sell your shares on the last day of the nd year? The CDSC is applied to the lesser of original investment or the redemptionsale value
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