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Please also check the answers I have for parts A and B. Thank you! Loaded-Up Fund charges a 12b1 fee of 1% and maintains an
Please also check the answers I have for parts A and B. Thank you!
Loaded-Up Fund charges a 12b1 fee of 1% and maintains an expense ratio of 0.60%. Economy Fund charges a frontend load of 2%, but has no 12b1 fee and has an expense ratio of 0.40%. Assume the rate of return on both funds' portfolios (before any fees) is 5% 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 11 years? (Do not round Intermedlate calculations. Round your answers to 2 decimal places.)Step by Step Solution
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