Question 39: (1 Point) Amir opened his first Tax-Free Savings Account (TFSA) on January 1, 2020 and deposited $30,000. He invested this money in 6,000 shares in Epic Growth mutual fund at $5/share. As of today, December 18, 2020, Amir's only investment grew to $16.00/share! Despite the great returns, Amir is contemplating selling the shares. What would be the difference in his pocket if he sold them today at $16 or next year at double the price ($32). This is a back-end loaded fund. Do not take taxes into consideration. Note: Use the Declining Redemption Schedule below to determine the back-end load fee that Amir will have to pay the amount of the fee is based on the value of the fund when it is redeemed). Declining Redemption Schedule Year funds are redeemed/sold Deferred Sales Charge Within the first year 6% In the second year 5% In the third year 4% In the fourth year 3% In the fifth year In the sixth year 1% After the sixth year 0% 2% $93,355 O $92,160 $91,287 $93,608 $96,000