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Question
You have $12,500 to invest and you are considering investing in Fund X. The fund charges a front-end load of 3% and an annual expense fee of 2.25% of the ending asset value over the year. You believe the fund's gross rate of return will be 8% per year. If you make the investment, what should your investment be worth in one year?
A. $12,125.20
B. $13,095.00
C. $12,654.80
D. $12,800.36
E. $13,162.50
Answer
This answer is hidden. It contains 117 characters.
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