The Anderson Balanced Mutual Fund Charges a Sales Load of 4.85

question 35

Multiple Choice

The Anderson Balanced mutual fund charges a sales load of 4.85%. If you invest $15,000, how much must you pay in commissions?

• A) $4.85
• B) $485.00
• C) $600.00
• D) $727.50
• E) $750.00

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Definitions:

Energy Transduction

The process of converting energy from one form to another within living organisms, such as the conversion of light energy to chemical energy in photosynthesis or the conversion of chemical energy from nutrients into ATP.

Receptor Potential

A change in membrane potential in a sensory receptor due to an external stimulus, which can initiate a cellular response.

Rods

Photoreceptor cells in the retina of the eye that are responsible for vision at low light levels.

Photoreceptors

Specialized cells in the retina of the eye that are sensitive to light and enable vision.