Question
Loaded-Up Fund charges a 12b-1 fee of 1.0% and maintains an expense ratio of 0.75%. Economy Fund charges a front-end load of 2% but has
Loaded-Up Fund charges a 12b-1 fee of 1.0% and maintains an expense ratio of 0.75%. Economy Fund charges a front-end load of 2% 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 6% per year. How much will an investment of $1,000 in each fund grow to after: (Round your answers to 2 decimal places. Omit the "$" sign in your response.)
Loaded-Up Fund Economy Fund
a. 1 year: Loaded-Up Fund $_____ Economy Fund $_______
b. 3 years: Loaded-Up Fund $_____ Economy Fund $_______
c. 10 years: Loaded-Up Fund $_____ Economy Fund $_______
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