Reference no: EM131048621
Consider the following four investments.
a) You invest $3,000 annually in a mutual fund that earns 11 percent annually, and you reinvest all distributions. How much will you have in the account at the end of 15 years? Round your answer to the nearest dollar._____
b) You invest $3,000 annually in a mutual fund with a 4 percent load fee so that only $2,880 is actually invested in the fund. The fund earns 11 percent annually, and you reinvest all distributions. How much will you have in the account at the end of 15 years? (Assume that all distributions are not subject to the load fee.) Round your answer to the nearest dollar.____
c) You invest $3,000 annually in a no-load mutual fund that charges 12b-1 fees of 1 percent. The fund earns 11 percent annually before fees, and you reinvest all distributions. How much will you have in the account at the end of 15 years? Round your answer to the nearest dollar.______
d) You invest $3,000 annually in no-load mutual fund that has a 6 percent exit fee. The fund earns 11 percent annually before fees, and you reinvest all distributions. How much will you have in the account at the end of 15 years? Round your answer to the nearest dollar._____
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Four investments-annually in mutual fund
: You invest $3,000 annually in a mutual fund that earns 11 percent annually, and you reinvest all distributions. How much will you have in the account at the end of 15 years? You invest $3,000 annually in a mutual fund with a 4 percent load fee so tha..
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