Concept explainers
Case summary:
M wants to invest her current $15,000 of savings in somewhere else, other than savings account. She heard that
Character in the case:
M.
Adequate information:
Savings account interest rate is 1.25% annually.
Savings balance is $15,000.
Money will be required in next 3 years.
To determine:
The importance of loads, fees and expenses in search for a good mutual fund.
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Personal Finance: Turning Money into Wealth, Student Value Edition, Plus MyLab Finance -- Access Card Package (7th Edition)
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