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29-11-2020
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Mary Cooper just purchased 120 shares in the All-American Fidelity Fund. The purchase cost for each share was $30. If this fund charges a 4 percent load, what is the total amount of commission she will pay the investment company?

Respuesta :

Parrain Parrain

02-12-2020

Answer: $144

Explanation:

First calculate how much she spent to buy the shares;

= 120 * 30

= $3,600

The fund charges a 4% load so the total compensation paid is;

= 3,600 * 4%

= $144

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