Register
As Bart Brownlee approached retirement, he decided the time had come to invest some of his nest egg in a conservative fund. He chose the Franklin Utilities Fund. If he invests $35,000 and the fund charges
95.8k views
0 votes
As Bart Brownlee approached retirement, he decided the time had come to invest some of his nest egg in a conservative fund. He chose the Franklin Utilities Fund. If he invests $35,000 and the fund charges a load of 4.5 percent when shares are purchased, what is the amount of commission (load) Bart must pay

User Trenccan
by
5.3k points

1 Answer

3 votes

Answer:

$1,487.5 is the amount of commission (load) Bart must pay

Step-by-step explanation:

Commision to be paid :

which is equal to

=$35000*4.25%

which is equal to

=$1487.5.

User Stusmith
by
5.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.0m questions

7.8m answers

Other Questions

What are some ways you can save on car insurance?
_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
Demonstrate how binomial nomenclature is related to classification systems by identifying the genus name and the specific name of the domestic cat felis catus
The dark printed words on the page of a book are easily read because they are printed on a light ground. this is an example of the principle of ____________.
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
Link Copied!