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Andrew is a financial planner and charges fees of 2% for every investment made. He made investments worth $500,000. What amount will he receive as compensation? PLEASE ANSWER SO…

Andrew is a financial planner and charges fees of 2% for every investment made. He made investments worth $500,000. What amount will he receive as compensation? PLEASE ANSWER SO…
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Andrew is a financial planner and charges fees of 2% for every investment made. He made investments worth $500,000. What amount will he receive as compensation? PLEASE ANSWER SOON

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User Raees Iqbal
by
8.3k points

1 Answer

3 votes
Fees charge = 2%
Investment worth = $500,000
Amount due = 2/100 * 500,000 = 10,000
The amount Andrew will receive as compensation is $10,000.
answered
User Tillz
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