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Please answer this question parts a-c Loaded-Up Fund charges a 12b1 fee of 1% and maintains an expense ratio of 0.80%. Economy Fund charges a
Please answer this question parts a-c
Loaded-Up Fund charges a 12b1 fee of 1% and maintains an expense ratio of 0.80%. Economy Fund charges a front-end load of 2%, but has no 12b1 fee and has an expense ratio of 0.20%. Assume the rate of return on both funds' portfolios (before any fees) is 10% per year. Requlred: o. How much will an investment of $100 in each fund grow to after 1 year? (Do not round Intermedlate calculetlons. Round your answers to 2 declmal places.) b. How much will an investment of $100 in each fund grow to after 4 years? (Do not round Intermedlate calculatlons. Round your answers to 2 decimol places.) c. How much will an investment of $100 in each fund grow to after 14 years? (Do not round Intermedlate colculatlons. Round your answers to 2 decimal places.)Step by Step Solution
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