Question

An open-end fund charges a 6% load. If the fund earns 10% return on its assets and costs of 1% of the start of year assets value. If you invest $10,000 in the fund, how much will you have after 5 years?

A. $14,572.05
B. $14,463.07
C. $15,554.51
D. $16,025.11

Answer 1

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