Betty and James Holloway invested $71,000 in the Financial Vision Social Responsibility Fund. The management fee for

Question:

Betty and James Holloway invested $71,000 in the Financial Vision Social Responsibility Fund. The management fee for this fund is 0.80 percent of the total asset value. Calculate the management fee the Holloways must pay.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Focus On Personal Finance

ISBN: 9781265521974

7th Edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart

Question Posted: