Assume that you placed a $1,000 investment with a mutual fund that charged an 8.5% load. Management
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Compounding
Compounding is the process in which an asset's earnings, from either capital gains or interest, are reinvested to generate additional earnings over time. This growth, calculated using exponential functions, occurs because the investment will...
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Due to the 85 load charge you would only be able to actually invest 915 in the mutual fund ...View the full answer
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Related Book For 
Fundamentals of Investments
ISBN: 978-0132926171
3rd edition
Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey
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