Commission (load) | = | $ 1,275 | |
Workings: | |||
Commission (load) | = | $30000 X 4.25% | |
= | $ 1,275 | ||
mework Saved As Bart Brownlee approached retirement, he decided the time had come to invest some...
As Bart Brownlee approached retirement, he decided the time had come to invest some of his nest egg in a conservative fund. He chose the Franklin Utilities Fund. If he invests $25,000 and the fund charges a load of 4.5 percent when shares are purchased, what is the amount of commission (load) Bart must pay? Commission (load)
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Personal Financial Planning Mini-Case Jeff and Mary Douglas, a couple in their mid-30s, have two children - Paul age 6 and Marcy age 7. The Douglas' do not have substantial assets and have not yet reached their peak earning years. Jeff is a general manager of a jewelry manufacturer in Providence, RI while Mary teaches at the local elementary school in the town of Tiverton, RI. The family needs both incomes to meet their...