Lea invests $⁢20,000 in a mutual fund and purchases 30 shares of a stock priced at $⁢150 per share. The brokerage charges a 2% fee on the mutual fund and a 1% fee on the stocks. How much in total fees does Lea need to pay?

The mutual fund fee is 2% of $20,000: 0.02 × $20,000 = $400. The stock purchase costs 30 × $150 = $4,500, so its 1% fee is $45. Together, the fees are $400 + $45 = $445, which is choice C.

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