Question: Question 42 (1 point) A mutual fund charges 3% front-load fee and has a 1% expense ratio. Assume the NAV of the fund is currently

Question 42 (1 point) 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. Assume you invested $15,000 in the fund, how much wealth would you have after 5 years? $20,073.38 $21,589.25 $20,941.57 None of the answers is correct $19,471.18

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