6. The fund Low Expense Ratio (LER) has a NAV of $17 per share today and charges a front-end load of 5.0 %. We assume that the value of the securities in which the fund has invested in increases by 12% each year, and that the fund's expense ratio is 1.0 %.

   The fund Low Front-End Load (LFEL) has a Nav of $20 per share today and charges a front- end load of 1.0 %. We assume that the value of the securities in which the fund has invested in increases by 13 % each year, and that the funds expense ratio is 3.5 %.

   Which of the funds should you invest in if your investment horizon is 2 years? Which one should you invest in if your investment horizon is 5 years?