If you have a 5% front-load mutual fund and you withdraw $10,000 of your investment, how much
Question:
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?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (10 reviews)
Front load char...View the full answer
Answered By
Veeravalli nareshbabu
i started my tutering in the year 2017 . i currently persuing ca final course. i am currently living in hyderabad
i have huge knowledhe in accounting and costing
0.00
0 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...
-
Suppose an individual invests $ 10,000 in a load mutual fund for two years. The load fee entails an up-front commission charge of 4 percent of the amount invested and is deducted from the original...
-
Geoff has two mutual fund options with the same investment objective and the same risks. One is a no-load mutual fund with an expense ratio of 0.50% and has historically returned 7.5%. The other fund...
-
Describe the process of testing software developed using both top-down and bottom-up development order. Which method results in the fewest resources required for testing? What types of errors are...
-
In the above example, how many dollars per month can you withdraw for as long as you live and still leave this nest egg intact?
-
The rod AB oriented parallel to the x' axis of the reference frame K' moves in this frame with a velocity v' along its y' axis. In its turn, the frame K' moves with a velocity V relative to the frame...
-
Refer to the Arctic Springs Bottling Department Data Set and. Complete Steps 3 and 4 of the process costing procedure: Summarize total costs to account for and then compute the cost per equivalent...
-
Photo chronograph Corporation (PC) manufactures time series photographic equipment. It is currently at its target debt-equity ratio of 0.8. Its considering building a new $75 million manufacturing...
-
16. The area (in sq. units) of the part of the circle x + y=36, which is outside the parabola y = 9x is: (a) 24+33 (b) 24-33 (c) 12+33 (d) 12-33
-
1. Why is omnichannel retailing a bigger challenge for food retailers than general merchandise retailers? 2. Apply DyShaun Muhammads three key steps to your favorite supermarket. 3. Comment on this...
-
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?
-
If you have a 5% back-load charge and you invest $1,000, how much of this money will be invested in the mutual fund?
-
A cube of side l is places in a uniform field E = 6.50 X 103 N/C with edges parallel to the field lines. (a) What is the net flux through the cube? (b) What is the flux though each of its six faces?
-
Return to Exercise 4, which asked you to collect information on a new business idea. Now create a survey to collect primary data by following these steps: a. Identify your audience. Who is the ideal...
-
Revise this note to convey a better tone. This can be casual and fun but try to build a better relationship. To Apartment 4, You guys are so inconsiderate. Youre way too noisy and keep me up all...
-
Imagine that youre trying to convince world leaders to develop initiatives to reduce food waste. You found this information: Roughly one third of the food produced in the world for human consumption...
-
Revisit BJs website in Exercise 2. You probably noticed that every sentence starts with we. Revise the text using you to focus on the customer instead. Exercise 2 Read these paragraphs, which are...
-
Read these paragraphs, which are from the retailer BJs website during the COVID-19 pandemic. What are the major style issues? We are here to serve you in these challenging times. BJs provides...
-
The Pregnancy Discrimination Act added new language to the definitions subsection of Title VII of the Civil Rights Act of 1964. The first clause of the Pregnancy Discrimination Act specifies that...
-
Transform the while loop from the previous exercise into an equivalent for loop (make sure it produces the same output).
-
You and your spouse are in good health and have reasonably secure jobs. Each of you makes about $38,000 annually. You own a home with a $110,000 mortgage, and you owe $11,000 on car loans, $2,000 in...
-
Your variable annuity has a mortality and expense risk charge at an annual rate of 2.15 percent of account value. Your average account value during the year is $20,000. What is your mortality and...
-
Beth and Bob Mart in have a total take-home pay of $4,200 a month. Their monthly expenses total $3,100. Calculate the minimum amount this couple needs to establish an emergency fund. How did you...
-
A government fund owns equipment worth $100,000 that is depreciated on a straight line basis for its useful life of 10 years. Each year the government spends $4,000 to maintain the equipment. What...
-
Southern Alliance Company needs to raise $24 million to start a new project and will raise the money by selling new bonds. The company will generate no internal equity for the foreseeable future. The...
-
During a semester, a class of n=50 students took two exams: a midterm and a final. The mean score for the midterm exam is 80 points with the standard deviation of 6 points. The mean score for the...
Study smarter with the SolutionInn App