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You invest in a mutual fund that charges a 6% front-end load and 2% total annual fees. How much will you pay in loads and

You invest in a mutual fund that charges a

6%

front-end load and

2%

total annual fees. How much will you pay in loads and fees on a

$10,300

investment that does not grow, if you cash out after three years of no gain?\ A.

$208

\ B.

$618

\ C.

$1,003

\ D.

$1,187
image text in transcribed
5. You invest in a mutual fund that charges a 6% front-end load and 2% total annual fees. How much will you pay in loads and fees on a $10,300 investment that does not grow, if you cash out after three years of no gain? A. $208 B. $618 C. $1,003 D. $1,187

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