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Please help...I am having trouble with the equation to get to these answers. Thank you :) Show my answers Problem 4-19 0/2 points awarded Loaded-Up
Please help...I am having trouble with the equation to get to these answers. Thank you :)
Show my answers Problem 4-19 0/2 points awarded 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 6% per year. Scored How much will an investment of $1,000 in each fund grow to after: (Round your answers to 2 decimal places.) a. Loaded-Up Fund $ 1,045.00+/-0.1% $ 1,141.17+-0.1% $ 1,552.97+/-0.1% 1 year 3 years 10 years Economy Fund $ 1,025.78+/-0.1% $ 1,147.13-0.1% $ 1,696.58/-0.1% b. CStep by Step Solution
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