You have decided to invest $10,900 in the Pinnacle fund. Over the long haul, the Pinnacle fund is expected to earn a return of 6.65% on the portfolio (gross of fees). However, Pinnacle offers several classes of funds. Therefore, you can choose to pay a front load of 9.5% and escape 12-b1 fees, or you can avoid the load fee by paying 12-b1 fees of 0.75%. a. If your investment horizon is 7 years, what is your expected terminal wealth under each strategy? (Round your answers to 2 decimal places.)