Question: answer the whole question which is how much will you have after 10 years after paying the expenses. In year 1 you invest $5000 then
You invest 5,000 into a mutual fund today. In addition, you plan to invest another 1,800 annually beginning next year into the fund for 10 years. The mutual fund has a 3% front load and 0.8% expense ratio. If the fund earns 9% on the assets each year prior to any expenses, how much will you have at the end of 10 years after paying the expenses? Show your work (either in formula or calculator inputs \& outputs) to receive full score. You invest 5,000 into a mutual fund today. In addition, you plan to invest another 1,800 annually beginning next year into the fund for 10 years. The mutual fund has a 3% front load and 0.8% expense ratio. If the fund earns 9% on the assets each year prior to any expenses, how much will you have at the end of 10 years after paying the expenses? Show your work (either in formula or calculator inputs \& outputs) to receive full score
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