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If your fund has a back-end load charge of 6% and you invest $15,000, how much...

If your fund has a back-end load charge of 6% and you invest $15,000, how much of this money will be invested in the mutual fund?

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Answer #1

Ans $ 15000

Back End load is the amount that is charged from the investor when he sells the mutual funds. Fund end load are payments made on purchasing the mutual funds.

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