Suppose you invest $10,000 in each of two mutual funds from the same family. Fund A: 2% font end load; annual expense ratio of 1%fund assets return -8% and 12% over the first two years

Fund B: no front end load; 4% back end load which decreases by 1% at the end of each year; annual expense ratio of 1.5%; fund assets return 10% and 15% over the first two years

a) Suppose you closed your account in each fund at the end of two years, what is your wealth in each fund?

b) Suppose you stay invested in each fund for three years and Fund A returns 15% in year three

and Fund B returns 20% in year threeAfter three years, which fund provides greater wealth?

c) What is the annualized rate of return of each fund over the three-year period

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