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Suppose you want to invest $15,000 in a mutual fund that is expected to provide a return of 10% per annum, compounded quarterly, for a

Suppose you want to invest $15,000 in a mutual fund that is expected to provide a return of 10% per annum, compounded quarterly, for a period of 5 years. If the investment carries a sales charge of 2% and an annual expense ratio of 1%, what is the total value of your investment after 5 years? Also, what is the effective annual rate of return after deducting the sales charge and expense ratio?

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