Cheryl has invested $600 in a mutual fund that charges 6% front-end load. She plans to keep her investment in the fund for the next 10 years. What will be her average annual return, if she expects the fund to earn a 5% reported return in an average year? 

Answer rating: 100% (QA)

Heres how to calculate Cheryls average annual return considering the frontend load Calculate t... View the full answer