Question
You invest $5,000 in a Stock Mutual Fund with a front-end fee of 2%. The fund also charges a .85% operating expense at the end
You invest $5,000 in a Stock Mutual Fund with a front-end fee of 2%. The fund also charges a .85% operating expense at the end of the year on your balance. If the fund earns 6% this year, what is your year-end balance after operating fees? What is the return on your investment?
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The Meaningful Money Handbook
Authors: Pete Matthew
1st Edition
0857196510, 978-0857196514
