Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Say you invest $10,000 in a mutual fund with a front-end load of 4.5% and a sinking back-end load of 2% that goes away after

  1. Say you invest $10,000 in a mutual fund with a front-end load of 4.5% and a sinking back-end load of 2% that goes away after 3 years. The fund also assesses 12b-1 fees at .50%. After 4 years, what would the future value of this investment be assuming an average annual return of 7.5%?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Finance

Authors: Michael Fardon

1st Edition

1872962319, 1872962173, 978-1872962313, 978-1872962177

More Books

Students also viewed these Finance questions