How much money would you need to purchase 400 shares of a mutual fund with a NAV of $55 per share and a 3 percent load? (Round to the nearest dollar.)
(a)$22,000
(b)$22,680
(c)$23,200
(d)$22,660

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The Answer of How much money would you need to purchase 400 shares of a mutual fund with a NAV of $55 per share and a 3 percent load? (Round to the nearest dollar.)
(a)$22,000
(b)$22,680
(c)$23,200
(d)$22,660

How Much Money Would You Need to Purchase 400 Shares