The Investments Fund sells Class A shares with a front$-$end load of $6\%$ and Class B shares with $12b-1$ fees of $1\%$ annually as well as

back$-$end load fees that start at $5\%$ and fall by $1\%($percentage point$)$ for each full year the investor holds the portfolio $($until the fifth

year$).$ Assume that you have $$1,000$ to invest and the portfolio rate of return net of operating expenses is $11\%$ annually.

a$-1.$ If you invest in each fund and sell after $4$ years, how much will you receive from each sale? $($Round your answers to $2$ decimal

places.$)$

a$-2.$ Are Class A or Class B shares the better choice for you?

Class A

Class B

b$-1.$ If you invest in each fund and sell after $10$ years, how much will you receive from each sale? $($Round your answers to $2$ decimal

places.$)$

b$-2.$ Are Class A or Class B shares the better choice for you?

Class A

Class B