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As part of his 401(k) retirement plan at work, Ken Lowery invests 5 percent of...

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As part of his 401(k) retirement plan at work, Ken Lowery invests 5 percent of his salary each month in the Capital Investments Lifecycle Fund. At the end of this year, Ken's 401(k) account has a dollar value of $330.700. If the fund charges a 12b1 fee of 0.75 percent, what is the amount of the fee? (Round your answer to 2 decimal places.) As part of his 401(k) retirement plan at work, Ken Lowery invests 5 percent of his salary each month in the Capital Investments Lifecycle Fund. At the end of this year, Ken's 401(k) account has a dollar value of $330.700. If the fund charges a 12b1 fee of 0.75 percent, what is the amount of the fee? (Round your answer to 2 decimal places.)

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