Jan Throng invested $31,000 in the Invesco Charter Mutual Fund. This fund charges a 5.50 percent commission

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Jan Throng invested $31,000 in the Invesco Charter Mutual Fund. This fund charges a 5.50 percent commission when shares are purchased. Calculate the amount of commission Jan must pay.

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Personal Finance

ISBN: 978-0077861643

11th edition

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

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Question Posted: Sep 15, 2017 12:29 PM

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Jan Throng invested $31,000 in the Invesco Charter Mutual Fund. This fund charges a 5.50 percent commission

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Ms Throng must pay 1705 for commissions as ...View the full answer

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