Problem $4-7$ Impacts of Costs on Returns

Consider a mutual fund with a $1\mathrm{.}1\%$ expense ratio and begins with a $$123\mathrm{.}2$ NAV. The annual returns for the fund are shown in the following table.

Money to Invest $$10,000$

NAV $$123\mathrm{.}2$

Expense Ratio $1\mathrm{.}1\%$

Year $15\%$

Year $2-13\%$

Year $318\%$

Year $45\%$

Year $524\%$

What is the NAV of the fund after year $1?$

The NAV after year $1$ is $

$.$ Round your answers to $2$ decimal places.

What is the NAV of the fund after year $2?$

The NAV after year $2$ is $

$.$ Round to $2$ decimal places when entering your answer, but do not round intermediate calculations.

What is the NAV of the fund after year $3?$

The NAV after year $3$ is $

$.$ Round to $2$ decimal places when entering your answer, but do not round intermediate calculations.

What is the NAV of the fund after year $4?$

The NAV after year $4$ is $

$.$ Round to $2$ decimal places when entering your answer, but do not round intermediate calculations.

What is the NAV of the fund after year $5?$

The NAV after year $5$ is $

$.$ Round to $2$ decimal places when entering your answer, but do not round intermediate calculations.