Question: You have $ 2 0 , 0 0 0 to invest and you are considering investing in a fund. The fund charges a front -

You have $20,000 to invest and you are considering investing in a fund. The fund charges a front-end load of 5.50 percent and an annual expense fee of 1.20 percent of the average asset value over the year. You believe the fund's gross rate of return will be 10 percent per year. If you make the investment, what should your investment be worth in one year? Thank you ;)

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