Question
*PLEASE SHOW ALL WORK AND FORMULAS* Loaded-Up Fund charges a 12b-1 fee of 0.75% and maintains an expense ratio of 0.50%. Economy Fund charges a
*PLEASE SHOW ALL WORK AND FORMULAS*
Loaded-Up Fund charges a 12b-1 fee of 0.75% and maintains an expense ratio of 0.50%. Economy Fund charges a front-end load of 3% 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 8% per year. How much will an investment of $1,000 in each fund grow to after 1 year and 3 years?
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An Introduction To Socio-Finance
Authors: Jørgen Vitting Andersen, Andrzej Nowak
2013th Edition
3642419437, 978-3642419430
