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Question 10 A fund with a entry load fees of 5%, with an initial gross investment of 10,000 , charges annual expense ratio of 1%.

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Question 10 A fund with a entry load fees of 5%, with an initial gross investment of 10,000 , charges annual expense ratio of 1%. The fund is expected to grow at the rate of 12. tears a) Calculate the ending value of the fund if the investment kept for 5 years. b) Calculate the rate of return from this investment

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