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29 August, 23:07

Francesca withdrew $7,000 from B shares that she owned in the Already Been Counted mutual fund within one year of her purchase. If she must pay a 5% contingent deferred sales fee, what will her total fee be?

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  1. 30 August, 00:30
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    her total fee is $350

    Explanation:

    given data

    Francesca withdrew = $7,000

    sales fee = 5%

    to find out

    what will her total fee be

    solution

    we get her total fee that will be here express as

    her total fee = Francesca withdrew * sales fee ... 1

    put here value we get

    her total fee = $7,000 * 5%

    her total fee = $7,000 * 0.05

    her total fee = $350

    so her total fee is $350
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