Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. you have just invested $50,000 in a mutual fund wh

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

70.2K

Verified Solution

Question

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?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

The Answer of species their genetic Answer and the complexity of the Answer form such...

Chemistry
1.2K views

Calculate the freezing point and boiling point of a solution containing 7.90 g g of ethylene...

Basic Math
1.2K views

| | a1 | a2 | |----|------|------| | b1 |...

Accounting
1.2K views

How shall an entity subsequently measure financial liabilities? Is IFRS measurement of financial liabilities similar to...

Biology
1.2K views

Which statement provides a possible biological explanation for this resemblance 0 00 0 23 A...

Physics
1.2K views

Answer is given 2 but I am getting 3 And how to determine the positive...

Physics
1.2K views

Calculate the rate of loss of heat through a glass window of area 1000 cm...

Physics
1.2K views

A thin copper plate of mass m has a shape of a square with a...

Accounting
1.2K views

Presented below is a partial amortization schedule for a three-year installment note requiring monthly payments...

Accounting
1.2K views

Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors...

Finance
1.2K views

D Ltd expects annual demand of 40000 units for the next 5 years and has...

Accounting
1.2K views

Help? Classify each account title as permanent or temporary by dragging...