If your fund has a front-load charge of 6% and you invest $18,000, how much of...

Question

Question

Answer 1

Answer #1

Answer:

If your fund has a front-load charge of 6% and you invest $18,000

If the fund has front load charge of 6% and the investment amount is $18,000, then the total investment in mutual fund will be remaining 94%

Total amount invested in mutual fund = 94% * $18,000 = $16,920

Hence Total amount invested in mutual fund is $16,920

Also remaining $1080(18,000 – 16,920) will be the front end bad.

Answer 2

Similar Homework Help Questions

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?
You are going to invest in a stock mutual fund with a front-end load of 5.5...

You are going to invest in a stock mutual fund with a front-end load of 5.5 percent and an expense ratio of 1.59 percent. You also can invest in a money market mutual fund with a return of 2.7 percent and an expense ratio of 0.20 percent. If you plan to keep your investment for 2 years, what annual return must the stock mutual fund earn to exceed an investment in the money market fund? What if your investment horizon...
You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees,...

You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees, and a 2% back-end load, which decreases 0.5% per year. How much will you pay in fees on a $10,600 investment that does not grow if you cash out after 3 years of no gain?

A mutual fund charges a 2% front-end load. If an investor invest $2,000 in the fund...

A mutual fund charges a 2% front-end load. If an investor invest $2,000 in the fund and the net asset value per share (NAVPS) is $5,00, how many units can he buy? a. 408 b.400 c.386 d.392
Cheryl has invested $600 in a mutual fund that charges 6% front-end load. She plans to...

Cheryl has invested $600 in a mutual fund that charges 6% front-end load. She plans to keep her investment in the fund for the next 10 years. What will be her average annual return, if she expects the fund to earn a 5% reported return in an average year? 4.35% 4.7% -1.3% 5%
The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund....

The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund. The front end load is 2%. How many shares of the mutual fund do you hold?

Suppose an individual invests $25,000 in a load mutual fund for two years. The load fee entails an up-front commission...

Suppose an individual invests $25,000 in a load mutual fund for two years. The load fee entails an up-front commission charge of 3 percent of the amount invested and is deducted from the original funds invested. In addition, annual fund operating expenses (or 12b-1 fees) are 0.85 percent. The annual fees are charged on the average net asset value invested in the fund and are recorded at the end of each year. Investments in the fund return 8 percent each...
The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund....

The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund. The front end load is 2%. The investment return of the fund for the year was 10%. You sell your shares. The redemption fees is 3% and the expense ratio is 4%. What is your return from this mutual fund investment?
The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund....

The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund. The front end load is 2%. You sell your shares within six months at an NAV of $11 per share. The redemption fees is 3%. What is your return from this mutual fund investment?

The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund....

The NAV of a mutual fund is $10 per share. You invest $100,000 in the fund. The front end load is 2%. You sell your shares within six months at an NAV of $11 per share. The redemption fees is 3%. What is your return from this mutual fund investment?