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Loaded-Up Fund charges a 12b-1 fee of 0.75% and maintains an expense ratio of 0.50%. Economy Fund charges a front-end load of 3.0%, but has
Loaded-Up Fund charges a 12b-1 fee of 0.75% 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 an expense ratio of 0.25%. Assume the rate of return on both funds portfolios (before any fees) is 10% per year.
How much will an investment of $1,000 in each fund grow to after: (Round your answers to 2 decimal places.)
ONLY NEED ANSWERS OF ECONOMY FUND PART B AND C I HAVE THE REST.I have 1,064.58 for economy fund for 1 year but can't get year 3 or 10. Thanks!
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