I have some money to save for about five years. If I choose to invest in a mutual fund which carries a load of 4.5% and has operating expenses of 0.5% per year:

a. How much of my money is actually invested in the fund if I send the fund $2000?

b. What percentage of my investment is the effective commission that I pay (what percentage of my investment do I pay as commission)?

c. If the Net Asset Value (NAV) is $31.48 how much does it cost to buy each share?

d. If instead I could invest in a bank CD that pays 4% compounded annually, what return must the fund earn on its assets in order for the fund to pay me as much in five years?

NOTE; These are parts to ONE question.