Question: Question 29 (1.25 points) Saved Loaded-up fund changes a 12b-1 fee of 1%. Assume the rate of return net of operating expenses is 7% per

Question 29 (1.25 points) Saved Loaded-up fund changes a 12b-1 fee

Question 29 (1.25 points) Saved Loaded-up fund changes a 12b-1 fee of 1%. Assume the rate of return net of operating expenses is 7% per year for the fund and initial investment of $10,000. How much is the value of the fund in 10 years? a) $17,908.48 b) $17,025.52 c) $18,868.74 d) $16,604.89

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