Assume you invest $10,000 in Charles Fund. It expects to return 5% annually. i. Based on an
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Assume you invest $10,000 in Charles Fund. It expects to return 5% annually.
i. Based on an operating expense of 1.25% on the average fund balance for each year, calculate the operating expenses for three years.
Beginning Balance | Annual Return | Ending Balance Before Expenses | Average Balance | OperatingExpense Percentage | Operating Expenses | Ending Balance after Expenses |
$10,000 | 5% | 1.25% | ||||
5% | 1.25% | |||||
5% | 1.25% |
ii. Calculate your actual (geometric) return.
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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