You purchased $3,000 worth of shares in a mutual fund that does not have a front-end load. However, there is a back-end load of 7 percent if you sell in the first year, and it decreases one percentage point per year. You sell $1,500 worth of shares in the third year. How much will your back-end load be? $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit