You invest in a mutual fund that charges a 3% front end load. The fund also charges 0.5% 12b-1 charges (fees) and 1.0% operating expenses every year, and has a fixed 1.0% back end load on Class A shares. What will be the value of your investment of $20,000 in their Class A shares, if you invest for 2 years and the fund generates an expected interest of 7%, before all annual expenses every year?

A. $21,377

B. $21,310

C. $20,000

D. $21,428