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Business, 31.05.2020 01:01 jamesk5671

A customer has signed a Letter of Intent (LOI) to buy $25,000 of XYZ mutual fund to qualify for a breakpoint that reduces the sales charge from 7% to 6%. The customer deposits $15,000 into the fund over the next 13 months. At the end of 13 months, the NAV is $20,000. How much does the customer have to deposit to complete the LOI

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A customer has signed a Letter of Intent (LOI) to buy $25,000 of XYZ mutual fund to qualify for a br...
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