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You invest in a mutual fund that charges a 3% front-end load, 2% total annual fees, and a 3% back-end load, which decreases 0.5% per

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You invest in a mutual fund that charges a 3% front-end load, 2% total annual fees, and a 3% back-end load, which decreases 0.5% per year. How much will you pay in fees on a $11,700 investment that does not grow if you cash out after 3 years of no gain? Multiple Choice $236 $351 $802 O o $1,179

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