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Sti A fund with a entry load fees of 5%, with an initial gross investment of 10,000, charges annual expense ratio of 1%. The
Sti 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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To calculate the ending value of the fund after 5 years we need to consider the entry load fees and ...
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
