Betty invested $71,000 in Financial Vision Social Fund. The management fee for the fund is 0.60% of the total asset value. Calculate the management fee Betty must pay.
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Betty invested $71,000 in Financial Vision Social Fund. The management fee for the fund is 0.60% of the total asset value. Calculate the management fee Betty must pay.
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- George Jefferson established a trust fund that provides $172, 500 in scholarships each year for worthy students. The trust fund earns a 3 percent rate of return. How much money did Mr. Jefferson contribute to the fund assuming that only the interest income is distributed?Paolo invested Php 120,000 in a mutual fund where the net asset value per unit is 4.578. After one year, he redeemed his money and the net asset per unit in 4.850. How much money did he redeemed?Rose is planning to adopt a charity foundation once she receives her money. She promised to donate annually to her chosen Charity Foundation to support the needs of the foster kids. The foundation will receive $l0,000 for the first six years, $12,000 for the next five years and $15,000 for each year thereafter. The donation will start one year after she receives her money allotment. If the fund earns 7.0% interest, what is the amount of the donation? Please include cashflow diagram and full formulas.
- By the conditions of a will, the sum of Php 25,000.00 is left to a girl to be held in a trust fund by the guardian until it amount to Php 45,000.00. When will the girl receive the money if the fund is invested at 8% compounded quarterly? explanation?At the start of the year, Piotr has an investment fund worth $30,000.00. 4 months later the fund is worth $30,750.00 and Piotr deposits another $3,000.00. 4 months after that, the fund is worth $34,425.00 and Piotr withdraws the $3,000.00 his deposited the time before. At the end of the year the fund is worth $31,425.00. a) What is the Dollar Weighted Return for Piotr's investment? b) What is the Time Weighted Return for the investment fund? c) What would the fund balance at the end of year have to be to make the Time Weighted Return for the year equal the Dollar Weighted Return for the year? d) In this case (TWR = DWR) what was the return on the investment fund in the last time period?Instead of investing the entire $1,062,000, Bogut invests $278,000 today and plans to make 9 equal annual investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the $2,122,938 foundation at the end of 9 years?
- Amaya Cooper just purchased 100 shares in the All-American Fund. The purchase cost for each share was $10. If this fund charges a 3 percent load, what is the total amount of commission she will pay the investment company?Ted Paulson needed money to pay for unexpected medical bills. To obtain $8,700, he decided to sell some of his shares in the Ridgemoor Capital Appreciation Fund. When he called the investment company, he was told that the following fees would be charged to sell his B shares: Ridgemoor Capital Appreciation Fund Fees First year 5 percent withdrawal fee Second year 4 percent withdrawal fee Third year 3 percent withdrawal fee Fourth year 2 percent withdrawal fee Fifth year 1 percent withdrawal fee If he has owned the fund for 16 months and withdraws $8,700 to pay medical bills, what is the amount of the contingent deferred sales load?At the beginning of last year, Thomas purchased 100 shares of the Web.com Fund at an NAV of $34.64 and automatically reinvested all distributions. As a result of reinvesting, Thomas ended the year with 132 shares of the fund with an NAV of $46.27. What was his total return for the year on this investment? Thomas total return for the year on this investment was enter your response here%. (Round to two decimal places.)
- Ralph invests $50,000 in a load mutual fund for two years. The load fee entails an up-front commission charge of 4.0 percent of the amount invested and is deducted from the original funds invested. In addition, annual fund operating expenses (or 12b-1 fees) are 0.80 percent. The annual fees are charged on the average net asset value invested in the fund and are recorded at the end of each year. Investments in the fund return 3 percent each year paid on the last day of the year. What is the value of investment at end of year 1? $48,000 $49,440 $49,050 $50,123 If the investor reinvests the annual returns paid on the investment, what is the value of investment at the end of year 2?. $48,000 $49,440 $49,050 $50,123When Su Young-Ji went to withdraw $3,000 from the Nationwide Fidelity Mutual fund, he was informed that the fund would charge 4 percent of the amount withdrawn. What is the dollar amount of the withdrawal charge?Mr. Jonas invested a total of &100,000 in three mutual funds: a growth fund that lost 8%, a balanced fund that gained 3%, and a bond fund that gained 2%. As a result, he lost $1600 on his investment. If he invested $20,000 more in the growth fund in the bond fund, how much did he invest in each fund?