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Three years​ ago, you invested in the Future Investco Mutual Fund by purchasing 700 shares of...

Three years​ ago, you invested in the Future Investco Mutual Fund by purchasing 700 shares of the fund at the price of $ 20.59 per share. Because you did not need the​ income, you elected to reinvest all dividends and capital gains distributions. ​ Today, you sell your 800 shares in this fund for ​$22.96 per share. If there were a 2.5​% load on this​ fund, what would your rate of return​ be?

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Answer #1

700 shares No. of shares purchased - price per share = $20-59 Investment valu = No of shares & price purchased share per = 70Rate of Return Fr- ferture value: $12908.8 Pr- present value-B 14413 n=no of years = 3 Rate of Return $12908.8. $ 14013 J = 1

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