Question: find how much the total will be in 10 years after paying the expenses. show all steps and clearly show work for a like. You
find how much the total will be in 10 years after paying the expenses. show all steps and clearly show work for a like.
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 10 years after paying the expenses? Show your work (either in formula or calculator inputs \& outputs) to receive full score
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