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Loaded - Up Fund charges a 1 2 b - 1 fee of 1 . 0 0 % and maintains an expense ratio of 0

Loaded-Up Fund charges a 12b-1 fee of 1.00% and maintains an expense ratio of 0.50%. Economy Fund charges a front-end load of 3.0%, but has no 12b-1 fee and has an expense ratio of 0.25%. Assume the rate of return on both funds portfolios (before any fees) is 7% per year. Loaded-Up Fund charges a 12b-1 fee of 1.00% and maintains an expense ratio of 0.50%. Economy Fund charges a front-end load of
3.0%, but has no 12b-1 fee and has an expense ratio of 0.25%. Assume the rate of return on both funds' portfolios (before any fees) is
7% per year.
Required:
How much will an investment of $1,000 in each fund grow to after:
Note: Do not round your intermediate calculations. Round your answers to 2 decimal places.
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