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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
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 10% 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 10 years?
Loaded-Up Fund | $ |
Economy Fund | $ |
|
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