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Cheryl has invested $1200 in a mutual fund that charges 6% front-end load. She plans...

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Finance

Cheryl has invested $1200 in a mutual fund that charges 6% front-end load. She plans to keep her investment in the fund for the next 6 years. What will be her average annual return, if she expects the fund to earn a 8% reported return in an average year? 1.52% 6.89% 8% 7.52%

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