When Peter Mills Went to Withdraw $8,000 from the Lowe

question 4

Multiple Choice

When Peter Mills went to withdraw $8,000 from the Lowe Fidelity Mutual fund, he was informed that the fund would charge 3 percent of the amount withdrawn.What is the dollar amount of the withdrawal charge?

• A)$2,400
• B)$500
• C)$240
• D)$24
• E)It is impossible to calculate the withdrawal charge with this information.

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Definitions:

Somatic

Pertaining to or affecting the body, especially as distinct from the mind or the environment.

Central

Pertaining to the most important or core part of something, often referring to the main or primary focus or system within a larger context.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for action, stress, or emergency situations by activating the fight or flight response.

Blood Pressure

The force exerted by circulating blood upon the walls of blood vessels, often measured for health diagnostics.