Your friend, Kitty Kardashian, of Hidden Hills, CA, bought $5,000 worth of mutual funds with a redemption fee of 5 percent if she sells within the first year. It decreases 1 percent each year...

Your friend, Kitty Kardashian, of Hidden Hills, CA, bought $5,000 worth of mutual funds with a redemption fee of 5 percent if she sells within the first year. It decreases 1 percent each year afterward. If Kitty sells during the third year, how much will be the redemption fee?