Problem $4-8$ Share Classes

Consider a fund that sells shares of both Class A and Class B$.$ The Class A shares have a front$-$end load of $5\%$ and the Class B shares have $12$b$-1$ fees of $0\mathrm{.}5\%$ annually. The portfolio has a rate of return $($net of operating expenses$)$ of $10\%$ and both classes have a NAV of $$60.$ Assume that you plan to invest $$15,000$ in the fund.

Class A Class B

Front$-$end $5\%0\%$

$12$b$-1$ fees $0\%0\mathrm{.}5\%$

Return $10\%10\%$

NAV $$60$ $$60$

Invest $$15,000$ $$15,000$

Years $44$

If you plan to sell the fund after $4$ years, what is the ending value of the Class A shares?

The ending value of the Class A shares would be $

$.$ Round your answers to $2$ decimal places.

If you plan to sell the fund after $4$ years, what is the ending value of the Class B shares?

The ending value of the Class B shares would be $

$.$ Round your answers to $2$ decimal places.