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Business, 21.04.2020 23:24 jamilecalderonpalaci

Item12 10 points eBookPrintReferences Check my work Check My Work button is now enabledItem 12Item 12 10 points Problem 4-19 Loaded-Up Fund charges a 12b-1 fee of 0.75% and maintains an expense ratio of 0.75%. Economy Fund charges a front-end load of 2.5%, but has no 12b-1 fee and an expense ratio of 0.25%. Assume the rate of return on both funds’ portfolios (before any fees) is 7% per year. How much will an investment of $1,000 in each fund grow to after:
a. 1 year
b. 3 years
c. 10 years

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