Question: A mutual fund charges 2% front-load fee. The net asset value of the fund is $14. The mutual fund's net asset value is assumed to

A mutual fund charges 2% front-load fee. The net asset value of the fund is $14. The mutual fund's net asset value is assumed to grow by 7% over the next 12 years. (The fund is assumed to earn 7% compounded annually for 12 years) How much money would you have after the 12 years if you initially invested $100,000? $229,723.54 None of the answers is correct $171,921.38 $225,219.16 $220,714.78

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