Loaded Up Fund charges another fee of 1 0 percent and
Loaded- Up Fund charges another fee of 1.0 percent and maintains an expense ratio of .75 percent. Economy Fund charges a front- end load of 2 percent but has no other fees and an expense ratio of .25 percent. Assume the rate of return on both funds’ portfolios (before any fees) is 6 percent per year. Assuming $ 1,000 investment, how much will an investment in each fund grow to after
a. 1 year
b. 3 years
c. 10 years
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