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the anderson balanced mutual fund charges a sales load of 5.25 percent if you invest $25,000, how much of your investment will actually be used to purchase shares in the fund
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the anderson balanced mutual fund charges a sales load of 5.25 percent if you invest $25,000, how much of your investment will actually be used to purchase shares in the fund

User Alexey Kulikov
by
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1 Answer

6 votes

Answer: $23687.50

Step-by-step explanation:

Since Anderson balanced mutual fund charges a sales load of 5.25 percent if you invest $25,000, the amount of the investment that will actually be used to purchase shares in the fund will be:

= $25000 - (5.25% × $25000)

= $25000 - $1312.5

= $23687.50

Therefore, the answer will be $23687.50.

User Aleisha
by
4.2k points
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