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Abaco Fund offers two classes of shares for investors. Class A shares charge a 12b-1 fee of 1% and maintains an expense ratio of 0.50%.

Abaco Fund offers two classes of shares for investors. Class A shares charge a 12b-1 fee of 1% and maintains an expense ratio of 0.50%. Class B shares charge a front-end load of 2%, a 12b-1 fee of 0.25% and an expense ratio of 0.25%. Assume the rate of return on both funds portfolios (before any fees) is 7% per year and you intend to invest $10,000. How much will an investment in each class of Abacos shares grow to after 4 years? (5 points) Show your work

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