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Loaded-Up Fund charges a 12b-1 fee of 1.00% and maintains an expense ratio of 0.50%. Economy Fund charges a front-end load of 3.0%, but has
Loaded-Up Fund charges a 12b-1 fee of 1.00% and maintains an expense ratio of 0.50%. Economy Fund charges a front-end load of 3.0%, 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 5% per year. How much will an investment of $1,000 in each fund grow to after: (Round your answers to 2 decimal places.) Loaded-Up Fund Economy Fund a. 1 year b. 3 years C. 10 years
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