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Question
You have $10,000 to invest and you are considering investing in a fund. The fund charges a front-end load of 5.75% and an annual expense fee of 1.25% of the average asset value over the year. You believe the fund's gross rate of return will be 11% per year. If you make the investment, what should your investment be worth in one year?
A. $10,135.48
B. $10,337.46
C. $10,461.75
D. $10,556.23
E. $10,578.92
Answer
This answer is hidden. It contains 172 characters.
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