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plz help asap Loaded-Up Fund charges a 12b1 fee of 1% and maintains an expense ratio of 0.70%. Fconomy Fund charges a front end losd
plz help asap
Loaded-Up Fund charges a 12b1 fee of 1% and maintains an expense ratio of 0.70%. Fconomy Fund charges a front end losd of 2%. but has no 12b-1 fee and has an expense ratio of 0.30%. Assume the rate of return on both funds' portfolios (before any feer) is 8% per year. Required: a. How much will an investment of $100 in each fund grow to after 1 year? (Do not round intermediate calculations, 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 intermediate calculations. Round your answers to 2 decimal places.) Step by Step Solution
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