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Loaded-Up Fund charges a 12b1 fee of 1% and malntalns an expense ratlo of 0.70%. Economy Fund charges a front-end load of 2%, but has
Loaded-Up Fund charges a 12b1 fee of 1% and malntalns an expense ratlo of 0.70%. Economy Fund charges a front-end load of 2%, but has no 12b1 fee and has an expense ratio of 0.30%. Assume the rate of return on both funds' portfolios (before any fees) Is 8% per year. Required: a. How much will an Investment of $100 in each fund grow to after 1 year? (Do not round Intermedlate calculatlons. Round your answers to 2 decimal places.) b. How much will an Investment of $100 in each fund grow to after 2 years? (Do not round Intermedlate calculations. Round your answers to 2 decimal places.) c. How much will an Investment of $100 in each fund grow to after 12 years? (Do not round Intermedlate calculations. Round your answers to 2 decimal places.)
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