The Investments Fund sells Class A shares with a front-end load of 6% and Class c shares with 12b-1 fees of .5% annually as well as back-end load fees that start at 5% and fall by 1% after each full year the investor holds the portfolio. Assume the portfolio rate of return net of operating expenses is 10% annually and the expense ratio has already been factored into the 10% rate.

If you plan to sell the fund after four years, are Class A or Class C shares the better choice for you?

If you purchase Class A shares, your four-year return will be [ Select ] ["26.84", "37.63", "41.45"] %;

If you purchase Class C shares, your four-year return will be [ Select ] ["25.87", "32.68", "42.33"] %;

Obvious, Class [ Select ] ["A", "C"] is a better choice.

If you plan to sell the fund after 15 years, are Class A or Class C shares the better choice for you?

If you purchase Class A shares, your 15-year return will be [ Select ] ["84.32", "168.67", "292.66", "321.58"] %;

If you purchase Class C shares, your 15-year return will be [ Select ] ["184.36", "290.13", "325.69", "419.57"] %;

Obvious, Class [ Select ] ["A", "C"] is a better choice.