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Problem 13-3 Calculating Sales Fees (LO1) Jane Tong invested $30,500 in the ADA Diversified Futures Mutual Fund. The fund charges a 4.0 percent commission when
Problem 13-3 Calculating Sales Fees (LO1) Jane Tong invested $30,500 in the ADA Diversified Futures Mutual Fund. The fund charges a 4.0 percent commission when shares are purchased. Calculate the amount of commission Jane must pay. (Round your answer to the nearest dollar amount. Omit the "S" sign in your response.) Commission to be paid
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