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You have just invested $50,000 in a mutual fund which charges a load fee of...

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Finance

You have just invested $50,000 in a mutual fund which charges a load fee of 2% upfront. In addition, the mutual fund charges an annual fee of 0.5% on the average net assets invested, and is deducted at the end of the year. The mutual fund is expected to give 8% return on your investment. If you are planning to keep your money only for two years, what is the actual annual return on your investment?

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