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The Anderson Balanced mutual fund charges a sales load of 5.50 percent. If you invest $25000, how much of your investment will actually be used

The Anderson Balanced mutual fund charges a sales load of 5.50 percent. If you invest $25000, how much of your investment will actually be used to purchase shares in the fund?

Do not round your intermediate calculations. Round your final answer to 2 decimal places. Do not include the comma and "$" sign in your response

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