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question 5 Loaded-Up Fund charges a 125-1 fee of 1% and maintains an expense ratio of 0.70%. Economy Fund charges a front-end load of 2%,
question 5
Loaded-Up Fund charges a 125-1 fee of 1% and maintains an expense ratio of 0.70%. Economy Fund charges a front-end load of 2%, but has no 125-1 free and an expense ratio or 0.30%. Assume the rate of return on both funds' portfolios (before any foos) is 8% per year a. How much wil an investment of $100 in each fund grow to after 1 year? (Do not round Intermediate calculations, Round your answers to 2 decimal places.) Loaded-Up Fund Economy Fund 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.) Loaded Up Fund Economy Fund $ $ c. How much will an investment of $100 in each fund grow to after 12 years? (Do not round intermediate calculations. Round your answers to 2 decimal places.) $ 208.16 Loaded Up Fund Economy Fund 5 238.68 Step by Step Solution
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