Question:

Loaded-Up Fund charges a 12b-1 fee of 1% and maintains an expense ratio of 0.75%. Economy Fund charges a front-end load of 2%, 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 9% per year.

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 3 years? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

c. How much will an investment of $100 in each fund grow to after 13 years? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Please proper explain and do not copy from Chegg. Otherwise I have to report the answer.