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1) Greedy Fund charges a 12b1 fee of 1.5% and keeps an expense ratio of 0.35%. We-like-yourmoney fund charges a front end load of 5%
1) Greedy Fund charges a 12b1 fee of 1.5% and keeps an expense ratio of 0.35%. We-like-yourmoney fund charges a front end load of 5% and charges and expense ratio of 0.15%. An ETF charges an expense ratio of 0.02%. Asume that the rate of return of all the funds portfolios (before taxes) is 3% per year. How much will an investment in each fund grow after: a. 1 year? b. 3 years? c. 10 years
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