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How much will an investment in each fund

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Problem - Loaded-Up Fund charges a 12b-1 fee of 1% and maintains an expense ratio of 0.75%. Economy Fund charges a front-end load of 2%, but has no 12b-1 fee and an expense ratio of 0.25%. Assume the rate of return on both funds' portfolios (before any fees) is 9% per year.

Required -

a. How much will an investment of $100 in each fund grow to after 1 year?

b. How much will an investment of $100 in each fund grow to after 3 years?

c. How much will an investment of $100 in each fund grow to after 13 years?

Reference no: EM132464683

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