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Samantha James puts $10,000 into a load mutual fund. She knows that her up front sales commission is 5%. How much of her money actually goes to buy shares in the mutual fund

Respuesta :

Tundexi

Answer:

$9,500

Explanation:

Money gone to Buy shares = Actual Amount - Load

Money gone to Buy shares = $10,000 - (5%*$10,000)

Money gone to Buy shares = $10,000 - $500

Money gone to Buy shares = $9,500

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