You can earn thousands of dollars more from your mutual funds. The secret is to purchase no-load (no front-end commission) funds directly from companies specializing in this area. You can save 6.00% commission compared to "loaded" mutual funds when you buy no-load funds. That means you earn $3,750 more on a $20,000 investment over 9 years. In this situation, the average annual interest rate of the fund is most closely which answer below?

You can earn thousands of dollars more from your mutual funds. The secret is to purchase no-load (no front-end commission) funds directly from companies specializing in this area. You can save 6.00% commission compared to "loaded" mutual funds when you buy no-load funds. That means you earn $3,750 more on a $20,000 investment over 9 years. In this situation, the average annual interest rate of the fund is most closely which answer below?

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 2FPE

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You can earn thousands of dollars more from your mutual funds. The secret is to purchase no-load (no front-end commission) funds directly from companies specializing in this area. You can save 5.75% commission compared to “loaded” mutual funds when you buy no-load funds. That means you earn $4,000 more on a $23,000 investment over 10 years. In this situation, the average annual interest rate of the fund is most closelywhich answer below? (6.6) (a) 6% (b) 12% (c) 15% (d) 9%
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