7. As part of his 401(k) retirement plan at work, Ken Lowery invests 5 percent of his salary each month in the Capital Investments Lifecycle Fund. At the end of this year, Ken’s 401(k) account has a dollar value of $210,400. If the fund charges a 12b-1 fee of 0.75 percent, what is the amount of the fee? (LO13.1)