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Your friend bought $7,000 worth of mutual funds with a redemption fee of 8 percent if she sells within the first year. It decreases 1
Your friend bought $7,000 worth of mutual funds with a redemption fee of 8 percent if she sells within the first year. It decreases 1 percent each year afterward. If she sells during the third year, how much will she pay in redemption fees? DO NOT INCLUDE DOLLAR SIGN. Typed numeric answer will be automatically saved
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