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How can i solve on BA 2 Plus? You have $128,050 to invest. If you invest in a mutual fund that follows an index. you

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How can i solve on BA 2 Plus?
You have $128,050 to invest. If you invest in a mutual fund that follows an index. you will pay 4.0% in load (when you buy) and 0.6% in yearly charges. If the index were to produce a return of 5.4% every year, how much will the overall cost of holding the mutual fund (relative to investing directly in the index) over the course of 11 years be? Include the transaction cost. Your Answer: You have $103,350 to invest. If you invest in an ETF that follows an index you will pay $18.30 in commission and 0.6% in yearly charges. If the index were to produce a return of 6.5%, how much will it be the overall cost of holding the ETF (relative to investing directly in the index) over the course of 15 years? Include the transaction cost. Your

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