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Suppose you wanted to invest $7,000 in a certain mutual fund that had a front-end load of 3%, an expense ratio of 0.11%, and a

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Suppose you wanted to invest $7,000 in a certain mutual fund that had a front-end load of 3%, an expense ratio of 0.11%, and a back-end load of 4%. The back-end load phases out by 0.5% every 6 months. Immediately after your initial transaction, how much money would you have in your account if you had no other money in the account beforehand? Suppose you wanted to invest $7,000 in a certain mutual fund that had a front-end load of 3%, an expense ratio of 0.11%, and a back-end load of 4%. The back-end load phases out by 0.5% every 6 months. Immediately after your initial transaction, how much money would you have in your account if you had no other money in the account beforehand

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