Loaded-Up Fund charges a 12b-1 fee of 1% and maintains an expense ratio of 0.65%. Economy Fund charges a front-end load of 2%, but has no 12b-1 fee and an expense ratio of 0.35%. Assume the rate of return on both funds portfolios (before any fees) is 6% per year.

a. How much will an investment of $100 in each fund grow to after 1 year?

Loaded-Up Fund:

Economy Fund:

b. How much will an investment of $100 in each fund grow to after 3 years?

Loaded-Up Fund:

Economy Fund:

c. How much will an investment of $100 in each fund grow to after 12 years?

Loaded-Up Fund:

Economy Fund: