Fidelity Mutual Fund charges a one-time 6.8% upfront load plus reports an expense ratio of 1.24%. If an investor plans on holding the fund for 20 years, what is the average annual fee, as a percent, paid by the investor?
1.58%
1.89%
1.76%
1.67%
https://uniessaywriters.com/wp-content/uploads/2020/07/LOG-300x75.png00developerhttps://uniessaywriters.com/wp-content/uploads/2020/07/LOG-300x75.pngdeveloper2020-08-10 14:14:112020-08-10 14:14:11Fidelity Mutual Fund charges a one-time 6.8% upfront load plus reports an expense ratio of 1.