Answer: $1,045
Step-by-step explanation:
A Front - End load is a type of Commission that is applied to the initial purchase of an investment.
It is usually used by Mutual funds and is deducted from the initial deposit, or purchase funds and, as a result, lowers the amount of money actually going into the investment product.
With a front end load of 5% deducted then we have,
= 1,000 ( 1 - 0.05)
= $950
You have $950 for investments.
Now, the fund goes up by 10% which is,
= 950* (1+0.1)
= $1,045
$1,045 is the amount you have in your account.