Question: invest $50000 mutual fund fixed total annual return of 10% broker chargesa a 3% commission broked will receive 5% usingthe compound interest formula impact of

invest $50000 mutual fund fixed total annual return of 10% broker chargesa a 3% commission broked will receive 5% usingthe compound interest formula impact of the 3% commission rate over 10 years will amount to 45% and over 50 years will amount to a 53% difference compare 5% vs7% compound annually on the amount (A) over 50 years using principal (P) -$10000 calculate difference in the two amounts (A) for the same principalover 10 years what can you conclude from your analysis?

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Solution To calculate the impact of the 3 commission rate over 10 years we can use the compound interest formula A P1 rnnt Where A the future value of ... View full answer

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