Question

100 points front end load,% total enrun lond, which decreases5%per year-o men you pay i en Sees on S$10,000 investment th fees, ond a 2% backend You invest in a mutual fund that charges a 3% does not grow if you cash out efter 3 years af O $103 s219 O 3553 O s635 Difticuby: 3 Hard mutual fund Multiple Choice O Type here to search 6 5
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Answer #1

D. $635

Total fees = $10,000 - ($10,000 × .97) × (.99) × (.99) × (.99) × (.995) = $635

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