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QuantAlpha Fund charges a 12b-1 fee of 0.25% and maintains an expense ratio of 1.25%. Assume the rate of return on fund's portfolio (before any

QuantAlpha Fund charges a 12b-1 fee of 0.25% and maintains an expense ratio of 1.25%. Assume the rate of return on fund's portfolio (before any fees) is 7% per year. How much will an investment of $1000 in the fund grow to after 8 years?

$1,564.02

$1,718.19

$1,534.69

$1,055.00

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