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The Investments Fund sells Class A shares with a front - end load of 6 % and Class B shares with 1 2 b -

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.)
Answer is complete but not entirely correct.
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