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Economy fund charges a front-end load of 3%, but has no 12b-1 fee. Assume the rate of return net of operating expenses is 7.5% per

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Economy fund charges a front-end load of 3%, but has no 12b-1 fee. Assume the rate of return net of operating expenses is 7.5% per year for the fund and initial investment of $10,000. How much is the value of the fund in 10 years? a) $19,992.01 Ob) $18,415.80 c) $26,439.05 d) $22,865.08 Oe) $19,253.22

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