Loaded-Up Fund charges a 12b-1 fee of 1% and maintains an expense ratio of 0.60%. Economy Fund charges a front-end load of 2%, but has no 12b-1 fee and an expense ratio of 0.40%. Assume the rate of return on both funds? portfolios (before any fees) is 5% per year.

a. How rnmh will an hmlmont of$1m in each md growtooor 1 year? {Do notround lnhorrnodloto onloulatlonl. Round your animal's to 2 doolrnol plant} Loaded-Up Fund I Eoonomy Fund S UH b. How much will an hmlmont of $1M in each limd grow to after 2 years? [Do not round lntumodloto onloulatlonl. Round your anlwori to 2 doolrnal plan-no.1 Loaded-Up Fund : |:| 5mm s: o. How much will an hmimonl of $1M in each limd grow to after 11 years? [Do not round lntormodlnt: onloulatlonl. Round your Humor: to 2 doolrnal plamJ Loaded-Up Fund : |:| 5mm a