As Bart Brownlee approached retirement, he decided the time had come to invest some of his nest
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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 $46,000 and the fund charges a 4.25 percent load when shares are purchased, what is the amount of commission that Bart must pay?
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Mr Brownlee must pay ...View the full answer
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Related Book For
Focus On Personal Finance
ISBN: 9780077861742
5th Edition
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
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