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Loaded-Up Fund charges a 12b-1 fee of 1.00% and maintains an expense ratio of 0.75%. Economy Fund charges a front-end load of 2.0%, but has
Loaded-Up Fund charges a 12b-1 fee of 1.00% and maintains an expense ratio of 0.75%. Economy Fund charges a front-end load of 2.0%, 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 10% per year. How much will an investment of $1,000 in each fund grow to after: (Round your answers to 2 decimal places.) X Answer is complete but not entirely correct. a. 1 year Loaded-Up Fund Economy Fund $ 1,072.50 X $ 1,065.75 X $ 1,233.45 $ 1,260.42 X $ 2,013.60 2,267.35 X b. 3 years c. 10 years
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