Question
Calculate theafter-withdrawal future value of $10,000 invested for five years in each share class in the table below. In terms ofcosts, which would be the
Calculate theafter-withdrawal future value of $10,000 invested for five years in each share class in the table below. In terms ofcosts, which would be the best investment for someone who knows the fund will be sold at the end of thefive-year period? Assume that eachfund's gross(before fees) total return is 12.00 percent per year.
Cost Class"A" Class"B" Class"C"
Front-end load . 5.75 . 0.00 0.00
Back-end load . 0.00 . 5.00 1.00
Declining1% per year First year only
Management fee . 0.55 0.90 1.00
12b-1 fee . 0.25 . 0.50 . 1.00
Theafter-withdrawal future value of the Class"A" share in five years is $_____. (Round to the nearestcent.)
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