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Calculate the after-withdrawal future value of $9,000 invested for five years in each share class in the table below. In terms of costs, which would

Calculate the after-withdrawal future value of $9,000 invested for five years in each share class in the table below. In terms of costs, which would be the best investment for someone who knows the fund will be sold at the end of the five-year period? Assume that each fund's gross (before fees) total return is 10.00 percent per year.

Cost

Class "A"

Class "B"

Class "C"

Front-end load

4.77

0.00

0.00

Back-end load

0.00

4.15

0.83

Declining 1% per year

First year only

Management fee

0.50

0.80

1.00

12b-1 fee

0.25

0.50

0.90

The after-withdrawal future value of the Class "A" share in five years is

$nothing

.

(Round to the nearest cent.)

The after-withdrawal future value of the Class "B" share in five years is

$nothing

.

(Round to the nearest cent.)

The after-withdrawal future value of the Class "C" share in five years is

$nothing

.

(Round to the nearest cent.)

In terms of costs, which would be the best investment for someone who knows the fund will be sold at the end of the five-year period? (Select the best answer below.)

A.

Class

"Upper C

"

would be the better investment for someone who knows that the fund will be sold at the end of five years because the lower overall costs result in a higher after-withdrawal future value of

$13 comma 285.29

.

B.

Class

"Upper A

"

would be the better investment for someone who knows that the fund will be sold at the end of five years because the lower overall costs result in a higher after-withdrawal future value of

$13 comma 339.01

.

C.

Class

"Upper B

"

would be the better investment for someone who knows that the fund will be sold at the end of five years because the lower overall costs result in a higher after-withdrawal future value of

$13 comma 637.61

.

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