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?

Name: 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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Question

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Francesca will have to pay a 5% fee on the $7,000 withdrawal, which is $350.

Francesca Withdrew $7,000 from B Shares That She Owned in the Already