On January 2, 2017, you invest $10,000 in Megabucks Mutual Fund, a load fund that charges a fee of 2 percent. The fund's returns were 13 percent in 2017, 11 percent in 2018, and 8 percent in 2019. On December 31, 2019, you redeem all your shares. The dollar value is
A) $13,600.00.
B) $13,275.51.
C) $13,297.67.
D) $13,995.75.
E) $10,000.00.
Correct Answer:
Verified
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