Question: A mutual fund charges 3% front-load fee and has a 1% expense ratio. Assume the NAV of the fund is currently $13. The fund is

A mutual fund charges 3% front-load fee and has a 1% expense ratio. Assume the NAV of the fund is currently $13. The fund is expected to grow at 7% each year. You plan to sell the fund in 5 years. What would be your fees after one year

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