If you have a 5% back-load mutual fund and you withdraw $10,000 of your investment, how much
Question:
If you have a 5% back-load mutual fund and you withdraw $10,000 of your investment, how much will be subtracted from your withdrawal to pay commission fees?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (8 reviews)
10000...View the full answer
Answered By
Hassan Ali
I am an electrical engineer with Master in Management (Engineering). I have been teaching for more than 10years and still helping a a lot of students online and in person. In addition to that, I not only have theoretical experience but also have practical experience by working on different managerial positions in different companies. Now I am running my own company successfully which I launched in 2019. I can provide complete guidance in the following fields. System engineering management, research and lab reports, power transmission, utilisation and distribution, generators and motors, organizational behaviour, essay writing, general management, digital system design, control system, business and leadership.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Personal Finance Building Your Future
ISBN: 978-0073530659
1st edition
Authors: Robert B. Walker, Kristy P. Walker
Question Posted:
Students also viewed these Business questions
-
Consider the following four investments. a) You invest $3,000 annually in a mutual fund that earns 10 percent annually, and you reinvest all distributions. How much will you have in the account at...
-
1. Comment on this statement: A great time to invest is during times of economic turmoil when assets are undervalued. 2. Review the three objectives of mutual funds. Based on your investment...
-
If you have a 5% front-load mutual fund and you withdraw $10,000 of your investment, how much will be subtracted from your withdrawal to pay commission fees?
-
Strike Bowling installs automatic scorekeeping equipment with an invoice cost of $180,000. The electrical work required for the installation costs $8,000. Additional costs are $3,000 for delivery and...
-
Calculate how much money an older household with an annual income of $40,000 spends on transportation each year.
-
Assume that a bank can borrow or lend money at the same interest rate in the LIBOR market. The 90-day rate is 10% per annum, and the 180-day rate is 10.2% per annum, both expressed with continuous...
-
Should organizations rely solely on recruiting through the Internet? Why or why not?
-
Hummer Company uses manufacturing cells to produce its products (a cell is a manufacturing unit dedicated to the production of subassemblies or products). One manufacturing cell produces small motors...
-
What are the key advantages of a deposit account over a money market account? What are the key advantages of a credit line with a bank over commercial paper issuance?
-
The assembly of two 5-kg spheres is rotating freely about the vertical axis at 40 rev/min with = 90. If the force F which maintains the given position is increased to raise the base collar and...
-
If the median income for someone with an associates degree is $9,100 higher annually than for someone with a high school degree, and the total cost of schooling for the two years costs $20,000, at...
-
What is your net cash flow if you had a total income last month of $2,000 but your expenses totaled $2,500, $500 of which was covered by your credit card?
-
Explain the meaning of regression sum of squares and error sum of squares.
-
How do you think emerging technologies, such as artificial intelligence and blockchain, are shaping the future of e-commerce, and what potential impacts might they have on customer experiences and...
-
Devon creates an irrevocable trust by transferring $2,000,000 to Friendly National Bank as Trustee to pay the income to Devon during his life and the remainder to Amanda. Devon and Amanda are...
-
Devon creates an irrevocable trust by transferring $2,000,000 to Friendly National Bank as Trustee to pay the income to Devon during his life and the remainder to Amanda. Devon and Amanda are...
-
Your organization has noticed an alarming increase in injury incident reports this winter. The CEO has asked you to write a report summarizing the common incidents reported so far. What kind of...
-
Foxy Logic Inc, is purchasing a new piece of equipment for their manufacturing line. What type of business event would this be considered?
-
Evaluate the derivative of the following functions at the given point. y = t - t 2 ; t = 2
-
Write a declaration for each of the following: a. A line that extends from point (60, 100) to point (30, 90) b. A rectangle that is 20 pixels wide, 100 pixels high, and has its upper-left corner at...
-
Kelly and Tim Browne plan to refinance their mortgage to obtain a lower interest rate. They will reduce their mortgage payments by $83 a month. Their closing costs for refinancing will be $1,670. How...
-
You estimate that you can save $3,800 by selling your home yourself rather than using a realestate agent. What would be the future value of that amount if invested for five years at 9 percent?
-
Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If$3,800 worth of jewelry and $2,800 worth of silver ware were...
-
China's giant property developer Country Garden has been declared in default on its debt after failing to make a bond repayment by a final deadline of October 18. A panel of global banks and...
-
Write a classification essay in 3 rd person that you can describe clearly and cleverly. Have a clear thesis in the introduction that clearly list their classification categories.
-
Why college are important?
Study smarter with the SolutionInn App