How much an investor would accumulate in fifteen years

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Problem 1: Estimate how much an investor would accumulate in 15 years who invests $ 50,000 in an open mutual fund that charges a 5% commission when purchasing shares and has operating expenses of 0.75%. The fund's expected return before expenses is 18%:

a. $598,687
b. $544,080
c. $516,876
d. $505,995

Reference no: EM133003676

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