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17. You have $25,000 to invest in a mutual fund. You choose a fund with a a 1.25% management fee and a 0.5% 12b-1 fee.
17. You have $25,000 to invest in a mutual fund. You choose a fund with a a 1.25% management fee and a 0.5% 12b-1 fee. Assume that the management and 12b-1 fees are charged on year-end assets for simplicity. The gross annual return on the fund's shares was 17.5%. for five years How much would your shares in the fund be worth at the end of the five years?
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