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You have $10000 to invest in a fund that charges 8% as a front end load. Operating expense is 1%. The back end load is

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You have $10000 to invest in a fund that charges 8% as a front end load. Operating expense is 1%. The back end load is 5% that declines by 1% on each year the investment is kept in the fund. How much would you have at the fund if you are to exit the fund at the end of year 4.Growth rate is 10% annually Select one: a. $12986 55 b. $12856.68 Next page Jump to... s

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