An investor owns a mutual fund with a NAV of 535 charges a rear-end load of 7% for the first year, declining by 1% for each year her to 0% in years and beyond. The fund eamed 9% and charges a 0.90% annual fee on the fund's year-end NAV. What is the difference between thereum the managereams and thereum to the investor after one year the investor does not ? 0.90% 8.6% 0% 04%