You can earn thousands of dollars more from your mutual funds. The secret is to purchase no-load (no front-end commission) funds directly from companies specializing in this area. You can save 5.75% commission compared to “loaded” mutual funds when you buy no-load funds. That means you earn $4,000 more on a $23,000 investment over 10 years. In this situation, the average annual interest rate of the fund is most closelywhich answer below? (6.6) (a) 6% (b) 12% (c) 15% (d) 9%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You can earn thousands of dollars more from your mutual funds. The secret is to purchase no-load (no front-end commission) funds directly from companies specializing in this area. You can save 5.75% commission compared to “loaded” mutual funds when you buy no-load funds. That means you earn $4,000 more on a $23,000 investment over 10 years. In this situation, the average annual interest rate of the fund is most closely
which answer below? (6.6) (a) 6% (b) 12% (c) 15% (d) 9%

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