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Loaded - Up Fund charges a 1 2 b - 1 fee of 1 % and maintains an expense ratio of 0 . 7 0

Loaded-Up Fund charges a 12b-1 fee of 1% and maintains an expense ratio of 0.70%. Economy Fund charges a front-end load of 2%.
but has no 12b-1 fee and has an expense ratio of 0.30%. Assume the rate of return on both funds' portfollos (before any fees) is 6% per
year.
Required:
a. How much will an investment of $100 in each fund grow to after 1 year? (Do not round intermediate calculations. Round your
answers to 2 decimal places.)
b. How much will an investment of $100 in each fund grow to after 4 years? (Do not round intermediate calculations. Round your
answers to 2 decimal places.)
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