BGN, PV = -$75,000; n = 30; i = 13%; CPT PMT = $8,854.69

Management fees and load charges are disadvantages of mutual funds. Loads can be avoided by buying no-load funds but management fees are associated with all funds.

Information is material if its disclosure would be likely to have an impact on the price of the security, OR if the reasonable investor would want to know the information prior to making the investment decision.

This is a movement along the demand curve and leads to a fall in the quantity demanded.

This means that an increase in price leads to a fall in quantity demanded; this means the demand curve is downward sloping.
We cannot tell how responsive the quantity demanded from this, only that price and quantity demanded are inversely related.