$22)$ Consider two funds, A and B$,$ that invest in identical securities$.$ Both funds are expected

to generate $8\%$ annual return from investments. Fund A charges $5\%$ front$-$end load while it is

expected to incur $1\%$ in operating expenses and $0\mathrm{.}5\%$ in $12$b$-1$ charges annually. Fund B$,$ on

the other hand, is expected to incur $1\mathrm{.}5\%$ in operating expenses and $0\mathrm{.}5\%$ in $12$b$-1$ charges

annually. Fund B also charges $2\%$ back$-$end load which is to decline $0\mathrm{.}5\%$ every year the

investment is kept in the fund. $[5+5=10$ points$]$

a$.$ What will be the value of your investment if you invested $$1000$ in fund A for $6$

years.

b$.$ What will be the value of your investment if you invested $$1000$ in fund B for $6$

years