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A no-load fund charges a 12b-1 fee of 1% and maintains an expense ratio of 0.75%. Assume the securities in which the fund invests increase

A no-load fund charges a 12b-1 fee of 1% and maintains an expense ratio of 0.75%. Assume the securities in which the fund invests increase in value by 6% per year. How much will an investment of $1000 grow to after 5 years?

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