alleryStart learning →An investor puts $10,000 in a fund with a 5% front-end load. How much is actually invested in the fund?
A$10,500
B$9,000
C$9,500
D$9,950
Answer & Solution
Correct answer: C. $9,500
The load is 5% of 10,000 which is 500, so 10,000 minus 500 leaves 9,500 invested.
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