You invested $7,000 in a mutual fund 28 months ago when the NAV of the fund was $22.30. You have not acquired or sold any shares since that time. Today, the NAV is $21.50. The fund charges contingent deferred sales charges of 6%, 5%, 4%, 3%, 2%, 2%, and 1% if the shares are redeemed within the first 7 years, respectively. How much money will you receive if you redeem your shares today?

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The Answer of You invested $7,000 in a mutual fund 28 months ago when the NAV of the fund was $22.30. You have not acquired or sold any shares since that time. Today, the NAV is $21.50. The fund charges contingent deferred sales charges of 6%, 5%, 4%, 3%, 2%, 2%, and 1% if the shares are redeemed within the first 7 years, respectively. How much money will you receive if you redeem your shares today?

You Invested $7,000 in a Mutual Fund 28 Months Ago