You've invested $1,000 in a mutual fund with a 5% front-end load, an expense ratio of 1% and a back-end load of 4%. Expenses are paid at the end of each year. The fund produces an annual return of 5% before fees.

Part 1

What is your annual return after fees if you hold the fund for 3 years?

4+ decimals

Part 2

What is your annual return after fees if you hold the fund for 30 years?

4+ decimals