You invested $1,000 in a mutual fund with a 3% front-end load and an expense ratio of 1%. Expenses are paid at the end of each year. You held the fund for 8 years, during which it produced an annual return of 4% before fees. 

What was your annual rate of return after fees?

Answer rating: 100% (QA)

Lets calculate the annual rate of return after fees for each year Year 1 Investment amount 1000 Fron... View the full answer